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srosenberg22
Level 1

How do I categorize interest that I earn on my checking account?

 
1 Comment 1
ChristieAnn
QuickBooks Team

How do I categorize interest that I earn on my checking account?

Hi there, srosenberg22.

 

QuickBooks Self-Employed will only track your Business income and expenses. We have Schedule C: category for interest paid which includes business credit card interest, loan interest, and other interest related to your business.

 

When it comes to your books, I recommend reaching out to your accountant. He can assist you in categorizing your earned interest properly.

 

For additional information about Schedule C: Interest paid, please check this article: Schedule C: Interest paid.

 

Please refer to this article where different account appear on various reports in QBSE: QuickBooks Self-Employed Schedule C Categories breakdown.

 

You may also check this article to help you organizing your expenses more accurately: Categories in QuickBooks Self-Employed.

 

Please let me know if you have other quetions. I'm always here to help you.

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