Thanks for posting and reaching out to us here in the Community, @davep64.
Tracking of expenses can vary as each business is unique. Some are allowable for tax purposes, others aren’t.
Allowable expenses include the cost of goods sold or stock used (the amount paid for stock if you use cash basis), wages, rent, lighting, postage, phone calls and motor costs such as fuel and insurance or aflat rate amount and any adjustment expenses that arise on a change from cash basis to traditional accounting basis this year.
They don’t include your own salary, wages or drawings, National Insurance contributions, the cost of entertaining, the cost of buying a vehicle or other equipment (unless you use cash basis, where allowable expenses include payments for equipment and vehicles other than cars), depreciation, and losses on assets
If you used traditional accounting basis, you can claim capital allowances on the cost of the equipment or machinery used in the business in boxes 49 to 59. Some expenses are only partly allowable. For example, you can only claim the business part of the costs of using your own car or using a room in your home as your office. If you use cash basis, you can only claim up to £500 of any payments of interest and other costs for cash borrowing.
I encourage seeking help from your accountant. He/she can guide you which option to take based on your recording practice and business needs.
For additional reference, you can check these links:
Meanwhile, there are two options in contacting our QuickBooks Self-Employed Support: Email or Chat. Either way, you can refer to this link for the steps: QBSE Support.
Let me know how it goes or if you have follow-up questions. I'm always here to provide assistance. Have a good one.
