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-tico15
Level 1

Wha category apply for my personal apartment rent payment

 
3 Comments 3
Rea_M
Moderator

Wha category apply for my personal apartment rent payment

Hello there, @-tico15.

 

You'll use a Schedule C form to report your self-employed income and expenses in QuickBooks Self-Employed (QBSE). With this, you'll have to make sure you categorize all your transactions accordingly to put them to the correct line of the said form.

 

In line with this, you can apply your apartment rent payment to two possible categories. You can use either the following:

  • Rent and lease
  • Other business expenses

 

You can apply the Rent and lease category when you're using your apartment as your office space for your self-employed work. While the latter one (Other business expenses) can be used when the rent isn't fit other categories. However, I'd still recommend consulting your accountant on which category you need to apply for your rent payment. This way, you can keep your financial data accurate and able to file the right amount of taxes to the agency.

 

If you wish to learn more about Schedule C categories and how to categorize transactions in QBSE, I'd recommend checking out this article: Schedule C and expense categories in QuickBooks Self-Employed. It also includes details on how categories appear on your reports.

 

You're always welcome to comment below if you have follow-up inquiries about categorizing transactions or other concerns. I'm just around to help. Take care.

 

-tico15
Level 1

Wha category apply for my personal apartment rent payment

Witch category is used for atm deposit.

BettyJaneB
QuickBooks Team

Wha category apply for my personal apartment rent payment

Hello there, @-tico15.

 

The ATM deposit can be categorized as income in QuickBooks Self-Employed. If this deposit is not part of your self-employed business, you can mark it as personal. If this is coming from self-employed work, mark it as business income.

 

To guide you in categorizing your accounts properly in QBSE, you can always visit this reference: Categorize transactions in QuickBooks Self-Employed.

 

On the other hand, to ensure the accuracy of your transactions, it's always recommended to reach out to your accountant. They'll be able to provide the best course of action for your business.

 

You can also find available accountant from our site to verify this matter: Find an accountant or bookkeeper who loves your business as much as you do.

 

Just leave a reply below if you have any other questions. I'll make sure you're all set. 

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