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huckleberry2019
Level 1

When paying a credit card from my personal account is that marked as transfer or personal?

 
1 Comment 1
Jovychris_A
QuickBooks Team

When paying a credit card from my personal account is that marked as transfer or personal?

Thanks for posting to the Community, @huckleberry2019.

 

When you're making an Online/E-payment, then you can use the Transfer in QuickBooks Self-Employed (QBSE). For additional details, withdrawal transactions are categorized as Transfer in QBSE. Thus, both personal and transfer transactions will not affect your self-employment taxes. It'll automatically be excluded from our calculations for estimated taxes or business expenses.

 

Also, when you need professional advice to be sure on how to categorize a transaction, I recommend consulting an accountant.

 

Here are a few articles that can give some additional information that can help your business in the future:

 

Let me know if you have more questions with QuickBooks. I'm always here to lend you a hand. Take care, huckleberry!

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