Skip to main content
January 25, 2020
Question

How do I categorize my income?

  • January 25, 2020
  • 1 reply
  • 0 views
Original commenter did not share additional details

1 reply

January 27, 2020

Hello tama63,

 

I'm glad to have you join us here in the QuickBooks community! It's awesome to hear that you're using QuickBooks Self-Employed. It's a simple solution for managing your business and personal transactions to make sure your numbers are adding up correctly for tax time. I can help you with this.

 

In QuickBooks Self-Employed, you have three main options for categorizing your transactions: business, personal, or split. Depending on which you choose, you may see other options for further categorization. For instance, if you choose business, you'll see a drop-down menu with choices such as business income. If you choose personal, the program will automatically categorize it for you based on whether it's income or an expense. Learn more about this feature here: Categorize and edit transactions in QuickBooks Self-Employed

 

If you're not sure which category to put your transactions into, I recommend touching base with an accountant or financial advisor who may be able to help you with figuring this out. The QuickBooks Team is here to help with your tech support needs, but we leave the accounting side to the pros so that you can be confident you're recording things correctly.

 

I hope that helps! Don't be afraid to reach back out if you need any more tech guidance. :)