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kim-onboard-char
Level 1

How do I split an expense to breakdown supplies, shipping and taxes paid and income into income and tax collected?

 
4 Comments 4
SarahannC
Moderator

How do I split an expense to breakdown supplies, shipping and taxes paid and income into income and tax collected?

Hello there, @kim-onboard-char.

 

In QuickBooks Self-Employed, you can split a single transaction between business and personal, or into multiple categories.

 

To split an expense, you can follow the steps below.

 

  1. Go to the Transactions menu.
  2. Find the transaction you want to split.
  3. Select Split from the Type column.
  4. Click the Add line button. 
  5. Make sure to select the correct categories.
  6. Then, Save.

To learn more about categories in QuickBooks Self-Employed, you can check these articles:

 

 

If you have other questions soon, please let me know by commenting below. I'll do my best to help and provide the information you need. Take care and stay safe.

kim-onboard-char
Level 1

How do I split an expense to breakdown supplies, shipping and taxes paid and income into income and tax collected?

Thank you,

How do I add more Catagories?

kim-onboard-char
Level 1

How do I split an expense to breakdown supplies, shipping and taxes paid and income into income and tax collected?

Thank you, how do I add more catagories.

Jovychris_A
Moderator

How do I split an expense to breakdown supplies, shipping and taxes paid and income into income and tax collected?

It's our pleasure to help @kim-onboard-char. Let me share additional details about categories.

 

Adding new categories in QuickBooks Self-Employed (QBSE) isn't possible at this time. As a workaround, you can select the closest tagging in the system or reach out to your accountant. They'll be able to provide you professional advice on which category is suitable.

 

Meanwhile, we updated the existing expense categories and created new ones in QuickBooks based on the majority of the user's feedback. It could help you organize your expenses more accurately. To know more, take a peek at this article: Updates to Expense Categories in QBSE.

 

Furthermore, about how to categorize your QuickBooks Self-Employed transactions, I encourage checking our Schedule C Categories.

 

You're always welcome to post here in the Community. You can either get back on this thread if you have other concerns about categories in QBSE. Rest assured, we'll help you out. Take care and more power to your business!

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