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tharty_qb-htesca
Mar 5, 2023 5:04 PM UTC
Question

How do you categorized Certificates of Deposits and Bonds in Quickbooks Self Employed?

Let's say you buy a $1000 CD. That shows as a debit to the account. But there isn't another account for the CD. It's an asset that will eventually be redeemed.

1 reply

RoseJillB
Mar 5, 2023 7:34 PM UTC

Providing you with the correct resolution to your concern in QuickBooks Self-Employed (QBSE) is my priority, thirty.

 

The application contains multiple categorizations to ensure that the product matches a line on your Schedule C. In this manner, I want to share with you this article for your reference or a list of categories you can choose from to match the aforementioned transactions: Schedule C and expense categories in QuickBooks Self-Employed.

 

Moreover, I would recommend consulting your accountant when adding the transactions to the correct category. This way, we can ensure that it is added to the correct category and avoid messing up your books.

 

Once done, you can visit this resource for more tips on categorizing transactions.

 

Should you have more concerns about your QuickBooks transactions, please let me know in the comments. Have a great day!

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