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gemjo
Level 1

When I upload my expenses, why is only a percentage of it accepted?

When I upload my expenses, why is only a percentage of it accepted? For example, if I am already reporting 30% of my phone bill, it still takes a fraction of that 30% instead of the full 30%. Same with advertising expenses.
3 Comments 3
MorganB
Content Leader

When I upload my expenses, why is only a percentage of it accepted?

Good morning, gemjo.

 

Thanks for reaching out to the Community for support. I want to make sure you're able to see the full expense amounts in your QuickBooks Self-Employed account.

 

To make sure I'm able to give you the best info, I'd just like to clarify how the expenses are being uploaded to your account. Are the expense transactions coming from a bank connection, are they being uploaded via receipt photo, or are the expenses manually entered?

 

Please let me know which method you're using and I'll be here to lend a hand.

gemjo
Level 1

When I upload my expenses, why is only a percentage of it accepted?

They're manually entered 

MorganB
Content Leader

When I upload my expenses, why is only a percentage of it accepted?

Thanks for letting me know, gemjo.

 

It sounds like only a portion of the expenses entered are actually counting toward your self-employed tax deductions. I recommend checking out the following article for more info about how QuickBooks Self-Employed tracks self-employment taxes

 

You may also want to consider speaking with an accountant about the best way to categorize these expenses for your business. If you don't currently have one, you can find a local accountant with a quick search on the ProAdvisor site

 

Don't hesitate to reach back out if you have any other questions!

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