Where is the correct location to post strategy expenses?

Hello Bettina Bros,

A key part of running a business is knowing where your hard earned money is spent. QuickBooks can help you keep track of your transactions easily by having reports that show your purchase totals divided by expense account. I can assist you with the process of categorizing your strategy expenses.

The way you can do this is by creating a new expense account in the Chart of Accounts. QuickBooks Online gives you the freedom to set up your expense accounts to organize the data in a way that best suits you. In order to accomplish this, you can navigate to Accounting in the left menu, then choose Chart of Accounts. You'd then click on New in the upper right corner and select the type as well as the subtype of the account you want to create. Here's an article if you want to take a deeper dive and Learn about the chart of accounts in QuickBooks. Once that account has been created, you can choose it from the Category drop-down when creating an expense.

If you're still wondering which type or subtype the account should be, I'd recommend speaking to an accounting as they'd be the best people to advise you on how to manage your books. I see in a previous thread that you were given the steps on how to invite your accountant to QuickBooks Online, but here's a refresher just in case you wish to add them as a user: Select My Accountant in the left menu, then you can enter the contact info of your accounting professional to send them an invitation. If you wish to find a certified ProAdvisor near you, you can click on the Find a Pro to Help button.

I know you'll be able to get back on track with this. Take care.