AileneA
Moderator

Transactions

I got you here, jenny Mc1. 

 

In QuickBooks, depositing each payment individually in your bank account is unnecessary. Since you will not track the transactions. The QBSE (QuickBooks Self-Employed) or HMRC (Her Majesty's Revenue and Customs) only require a report on your business's income and expenses, regardless of the customer.

 

To ensure your transactions are categorised correctly on your Schedule C, refer to these articles for guidelines: 

 

 

Please let me know if you have any additional QuickBooks or transaction-related questions. Leave a reply in the comments section, and I will get back to you. Take care, and have a fantastic day.