How to record ridesharing income in quickbooks online.

Hi Rea - Thank you so much for the comprehensive reply/answer to my questions. Much appreciated. I'll review the various resources you pointed me to and consult further with an accountant should I have more questions.

Hey I have the same question - what did you decide to do?

I have the same question too and for the life of me, I don't understand why it's so hard to find an answer for this anywhere with all the thousands of Uber, Lyft, GrubHub, DoorDash, Instacart, Shipt, etc drivers out there. Is no one categorizing their income? Am I supposed to just leave it as "Uncategorized Income?"

If the uber service income is attached to the LLC business being documented in QuickBooks, then I would think creating a service invoice would be appropriate. The unique question would be how to account for the service fees already deducted by the third party app- as this would just be a line item in the invoice. This is the only way I can see bank reconciliation adjustments being implemented correctly. Is there another way to document the income and third party fee using service sales that would be more appropriate? For LLC umbrella it would all be submitted via 1099. This is known. But capturing appropriately in service income with appropriate bank reconciliation is the challenge. Thank you!

Did anyone find an answer to this situation?

When I review the weekly Uber pay statement - there are many other line items that should be included on the books eg Uber's fee, customer promotions, etc.Is the solution to create an invoice each week and manually enter the info? Surely there is a way to integrate all the data from Uber's pay statements into QBO???

I can see how significant your data from Uber's pay statement integrates into QuickBooks Online (QBO), @RachG. I'll share another workaround to help you achieve your goal.

Aside from manually creating an invoice to enter the info and record the income, you can look for third-party applications to gather your data from Uber and transfer it to QBO. I'll write down the steps to help you get an app that provides your business needs:

1. Access your QuickBooks Online company.
2. Go to the Apps menu in the left navigational bar.
3. Select the Find Apps tab.
4. Enter a keyword in the search bar or hit the Browse category button to filter the results.
5. Once you've found the app, click on it, then press Get app now.
   
   
   
   

   An alternative way to find a 3rd party app is to visit our official QuickBooks App Store through this link: https://quickbooks.intuit.com/app/apps/home/

    

   On the other hand, you could also import the transactions from the pay statement in the program. Please follow the correct CSV format of the file and upload it in the Bank transaction. However, these transactions won't be seen in the Sales menu as they're made outside QuickBooks.

    

   If you prefer to have them reflected in the Sales menu, consider importing the transactions using the Import Data tool. With this feature, you can make an invoice spreadsheet and upload it. Here are the following information needed in the columns:

    

   • Invoice number
   • Customer
   • Invoice date
   • Due date
   • Item Description
   • Item amount

    

   Then, proceed with the guide below:

    

   1. Go to the Gear icon and select Import Data.
   2. Click Invoices, browse your computer file for the spreadsheet data, and hit Next.
   3. Map the column headers with the invoice fields, then tick Next.
   4. Press Start import.
      
      
      

    

   In addition, we recommend visiting these articles to help you handle bank transactions and reconcile an account inside QBO:

    

   • Categorize online bank transactions in QuickBooks Online
   • Reconcile an account in QuickBooks Online

    

   Recording the invoice payments will also help make your accounts accurate, as it marks the transaction as paid.

    

   We look forward to helping you again if you need assistance handling your business income or have any additional QuickBooks-related questions.

I haven't found any apps that pull in Uber pay data. Any recommendations?

Let me answer your question about app integration in QuickBooks Online (QBO), RachG.

We're unable to provide a specific app that you can incorporate with your QuickBooks Online (QBO) to manage the Uber pay data. However, you can search online or talk to your bookkeeper. They may suggest or give an app that you can utilize to compile Uber data and transfer it to QBO.

Once everything's good, you can run reports to track your invoices and have an overview of your business finances.

Keep in touch if you need more assistance with importing data or if there's something else I can do for you. I've got your back 24/7. Have a good one.