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mileage
Level 1

My company is offering awards and cash prizes during event we organize but i am not sure which expense category to use in QB SE for cash prizes without receipt?

 
3 Comments 3
katherinejoyceO
QuickBooks Team

My company is offering awards and cash prizes during event we organize but i am not sure which expense category to use in QB SE for cash prizes without receipt?

Thanks for visiting the Community for your expense category concerns, @mileage.

 

In QuickBooks Self-Employed (QBSE), we always refer to the Schedule C form to report your self-employed income and expenses.

 

As much as we'd like to provide the expense category to use for awards and cash prizes, I'd recommend consulting your accountant instead. Your accountant can provide more expert advice in dealing with these specific type of transactions.

 

You may want to refer to this article to learn more about categorizing other business expenses.

 

For the most updates Schedule C info, it's best to always check from the IRS website.

 

I'm always around here to help you again in case you need some more guidance. Take care!

 

mileage
Level 1

My company is offering awards and cash prizes during event we organize but i am not sure which expense category to use in QB SE for cash prizes without receipt?

thanks for the answer, the link to the other business expense article does not work on my side though?

ShiellaGraceA
QuickBooks Team

My company is offering awards and cash prizes during event we organize but i am not sure which expense category to use in QB SE for cash prizes without receipt?

Thanks for getting back to us, @mileage.

 

I'll share the link to help manage your other business expenses. Check it here: Scheduled C and expense categories in QuickBooks Self-Employed.

 

I'm also attaching our QuickBooks Self-Employed help page. It has our general QuickBooks topics with articles, videos, and answers to Community users that you can use for your reference.

 

Feel free to reply to this thread anytime if you have follow-up questions or concerns with cash prizes or expenses. We're here for you.

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