It's a pleasure to have you here in the Community, @redlipstickpress. Let me provide information about the expense and income graphs in QuickBooks Self-Employed (QBSE) and how we can check if expenses are tracked as profit.
In QBSE, The graph displaying your income and expenses from the Home page differs from what shows on the Transactions page. The expenses calculated on the Home page are your actual expenses, but the graph on the Transactions page is based on your downloaded or manually entered bank transactions.
That said, I'd recommend running financial reports in QBSE to have an overview of your company's financial status. This way, we can compare your graph of expenses to the actual data to see if there are discrepancies.
If we've confirmed that expenses are recorded as profit, let's categorize the transactions to put them on the correct line of your Schedule C. It's also known as Form 1040, which reports your self-employed income and expenses.
In QBSE, we can manually add transactions from a CSV file. Most banks only allow you to download transactions from their website into a CSV. Additionally, if you use spreadsheets to record everything, you can save your work in this format.
Feel free to leave a reply below if you have clarifications about expense tracking in QBSE. We're always available in the Community to assist you. Take care, and have a good one!
