Level 1

What catagory do I put PAYE transactions (ie money that im being paid that has already been taxed) so that it shows up the correct self employed income



Hello @elsiewoollard,


You can enter the transaction amount as your other income in your tax profile. Transactions entered while setting it up will not be included in the calculation of your estimated taxes.


To start with, if the said income is one of the transactions downloaded from your bank, you'll have to exclude it from the list. Let me show you how.

  1. Go to Transactions.
  2. Select the said income transaction.
  3. Click the Exclude button.

Once done, let me show you how you can enter it directly in your tax profile:

  1. Go to the Gear icon.
  2. Below Taxes, select Tax profile.
  3. Under Have you received or sent transfer allowance amount?, enter the income amount directly on the Other income field.
  4. Click Save.

In addition, here's an article you can read to learn more about how you can prepare your tax profile: QuickBooks Self-Employed UK Tax Profile Set Up.


Lastly, I've also included this helpful article to understand more about how our account works while working with your business with us: QuickBooks Self-Employed Overview.


If you have any other questions, please let me know in the comments below. I'll be here to help. Stay safe always!