How do i change my credit card payment transactions from income to expense??

Happy to have you here in the Community, @farheen-khan125-. I’ll help you with your credit card payments come up as an expense in QuickBooks Self-Employed (QBSE).

Simply enter your credit card payments as an expense transaction in QuickBooks Self-Employed to record them as an expense. If you have already added the transactions to your account, you can just delete them, then recreate them as expenses.

1. Select Add Transactions from the Transactions menu in the left panel.
2. Fill in the amount and a description.
3. Select a category menu.
4. Then, click Save.

Take a look at the following article for further information. This will provide you a list of categories to assist you tag or categorize your transactions, as well as precisely organize them in QuickBooks: Updates to expense categories in QuickBooks Self-Employed.

You can also read the following article to learn more about how Schedule C categories appear on financial statements: Schedule C and expense categories in QuickBooks Self-Employed.

Keep in touch if you need further assistance with your transactions. The Community always has your back. Have a great day!