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If I have someone who works with me on a subcontractor basis, how do I categorise their invoice (the money I pay them for their work) as an outgoing transaction?
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Transactions
Thank you for posting here on the Community page, Shaner555.
I'm here to make sure you'll be able to categorize the contractor's invoice in QuickBooks Self-employed.
QuickBooks Self-Employed is a program that helps businesses manage both personal and business expenses. To categorize transactions here's how:
- Go to the Transactions menu.
- Find a transaction on the list.
- If the transaction was for business, choose Business, and if it was for personal reasons, choose Personal. Select Split if the transaction was both.
- In the Category column, review the category. QuickBooks tries to categorize transactions for you.
- Select the category link if you need to change the category. Select a general type, and choose a more detailed category.
- When you're done, select Save.
In case you need to learn more about the Invoicing feature, check out the Create an invoice in QuickBooks Self-Employed guide. It outlines the instructions on how to enter the transaction using a browser or a mobile device.
Additionally, the following article provides an overview of the processes you can perform using the program: QuickBooks Self-Employed.
Let me know in the comment section if you have any other concerns. I’ll be right here to help and make sure you’re taken care of. Have a good one.