cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Get unlimited expert tax help and powerful accounting in one place. Check out QuickBooks Online + Live Expert Tax.
fulmervegetation
Level 1

When invoices are paid do you need to manually add them to income?

 
1 Comment 1
DebSheenD
QuickBooks Team

When invoices are paid do you need to manually add them to income?

Great to see you here, @fulmervegetation.

 

Let me get the help you need about adding Invoices to income in QuickBooks Self-Employed (QBSE).

 

 When marking the Invoice as Paid, it will not automatically tag this as income since the Invoices are for tracking purposes only.

 

If your bank account is connected where the payment is deposited, all you need to do is to categorize the transaction as income. Otherwise, you can assign the created invoices as an income by manually adding and categorizing the payment inside QBSE.

 

Let me show you how: 

 

  1. Go to the Transactions from the left panel.
  2. Hit the Add transaction button.
  3. Enter the date of the payment under DATE.
  4. Fill in a brief description of the transaction.
  5. Type the amount under AMOUNT.
  6. Choose a category for the transaction (in this particular case, we want to select Income).
  7. Click Save. 

 

You can browse this article to learn more about categorizing your transaction as Business Income in QuickBooks Self-Employed: Manually add transactions in QuickBooks Self-Employed.

 

To know more on how the Invoice feature works in QuickBooks Self-Employed, visit these articles: 
 

 

Please let us know if you need further assistance in managing your invoices in QuickBooks Self-Employed. I'm always here to help you in any way I can. Have a wonderful day.

Log in today
Get expert help and peer support to tackle all your QuickBooks questions effortlessly.

Need to get in touch?

Contact us
Sign in for the best experience
Ask questions, get answers, and join our large community of QuickBooks users.
Sign In / Sign Up