How do I add schedule F categories to my expenses.

Thank you for visiting the Community today, wbutter.

Proper tracking of your business profit or loss is crucial to ensure accurate reporting on your tax form. Allow me to connect you with the appropriate support that can guide you on how to include Schedule F categories.

Currently, QuickBooks Online (QBO) doesn't have a pre-set category for Schedule F. However, you can seek guidance from an accountant who can assist you in including this account in your company. This will enable you to accurately report the profit or loss in your business.

Once you have the information for the specific account type, let's go ahead and add it to your company. Browse through this article for detailed instructions: Add an account to your chart of accounts in QuickBooks Online.

For more insights about the importance and purpose of account and detail types, refer to this article: Learn about account types and detail types in QuickBooks Online.

Moreover, these resources will also guide you on how to keep your chart of accounts organized and assign account numbers to categories:

• Manage default and special accounts in your QuickBooks Online chart of accounts
• Use account numbers in your chart of accounts in QuickBooks Online
  
  

Keep me posted if you have any clarification about adding categories, and questions about processing tax forms or navigation in QBO. I'd be glad to lend a helping hand. Enjoy your weekend, wbutter.

Can you recommend better software for the schedule F categories? It is horrible trying to tag this stuff into those categories. 

Thanks for joining the thread, @MMZTU.

I'll provide an alternative so you can utilize the Schedule F categories.

Since we only have general categories in QuickBooks Online, you might want to look for a third-party application that allows this and works best for you and your business.

Here's how:

1. From the left panel, click Apps.
2. Go to the Find Apps tab.
3. Use the search bar and enter the keyword to look for an app.
4. Choose an app from the list.

For more insights on adding accounts in QBO and organizing them to help you when filing your taxes, you can visit this article: Add an account to your chart of accounts in QuickBooks Online.

Don't hesitate to reply below if you still have more queries about categories in QBO. I'm here to help you in any way I can.