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January 13, 2021
Question

Do I have to put in my qb my universal payments

  • January 13, 2021
  • 1 reply
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1 reply

January 13, 2021

Your confusion ends here, @userdawnmarkhill.

 

Allow me to fill you in on everything about recording universal payments in QuickBooks Self-Employed (QBSE).

 

As long as this payment is related to your self-employment transactions, you'll have to add it to your QuickBooks account to ensure it'll be included in the calculation of taxes. If this is related, you can follow the steps below to add it to your QBSE account:

 

  1. Click Transactions from the left menu.
  2. Select Add Transaction.
  3. Enter the amount and a description.
  4. Choose the appropriate category of the transaction.
  5. Click Save.

I'm adding this article for more details: Manually add transactions in QuickBooks Self-Employed.

 

You might also want to check out this article to know how to claim as allowable expenses for self-employment: About SA103F Categories.

 

Please let me know if you need clarification about this, or there's anything else I can do for you. I'll be standing by for your response. Have a good one.