Skip to main content
S
stefanbest0794
February 1, 2025
Question

Tool to calculate working from home expense

  • February 1, 2025
  • 1 reply
  • 0 views

I'm a self employed person currently working from home for the past 12 months. I was wondering what's the best way to include deductions for things like number of rooms I use, internet bills, council tax, etc. Normally this is something I would let my accountant do but I'd like for my own benefit figure out how to calculate these values and if I can, how can I add these to my expense on QuickBooks.

Thanks

1 reply

A
ArielI
February 1, 2025

You're taking an important step towards better financial management, Stefan. Let me provide you with the steps to include home office expense deductions in QuickBooks Self-employed.

 

First, you'll want to create transactions and categorise them as expenses. Here’s a simple step-by-step guide to help you do just that:

 

  1. Open QuickBooks Self-Employed.
  2. Click on Add a transaction.
  3. In the Account dropdown, choose Cash.
  4. Fill in the necessary details, including Date, Description, and Amount.
  5. In the Category section, choose the appropriate expense category (e.g., home office expenses, internet, utilities).

 

For more detailed information, you can check this article in adding those transactions: Manually add transactions in QuickBooks Self-Employed.

 

If you'd like to categorise your recurring transactions automatically, refer to this guide for complete details: Create bank rules to categorise banking transactions in QuickBooks Self-Employed.

 

Please don't hesitate to comment if you have any other questions or concerns aside from adding deductions to your expenses in QBSE. I'd be glad to help you anytime.

Terms & ConditionsAccessibility statement