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September 2, 2020
Question

I need information on how to label income. For instance I transferred over 3000 that was all saved for tax and super before joining quickbooks. How do I label that income

  • September 2, 2020
  • 1 reply
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1 reply

Steven_Product Champion
September 2, 2020

Hi widin-t-ethan-gm,

 

If the funds are currently sitting in your For Review section of the Banking tab, you have the ability to select the transaction to categories the income e.g. sales or wages. You can see the steps below of how to add this into your company file. 

 

  1. Start in the For Review tab.
  2. Select the transaction to expand the view.
  3. Select the Categories (accounts) you want to split the transaction into.
  4. Select Save and add.

If you have not already created the income categories (account), you can select a +Add New to create this category type by creating an account to track it within QuickBooks. This allows you to then also run category specific reports to track these funds. For answers of which label to use and what is the best for your business it would be best consult with a bookkeeper or accountant for assistance. Of course if you get stuck or want further assistance with these steps please don't hesitate to get in touch with oru fiendly support team by clicking here.

 

Thanks, 

 

-Steven