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RICHAE50
April 7, 2020
Question

SPENDING/EXPENSES - URGENT HELP PLEASE!!!

  • April 7, 2020
  • 1 reply
  • 0 views

I wonder if anyone can help please? I am new to Quick books and just trying to consolidate my accounts for year end.  I have put in some rather large invoices (around £500-£1000) and would expect to see the tax liability (ie tax payable) to automatically change after I have entered these but it doesn't seem to change at all... am I doing something wrong? The expense has registered but not taken off the tax liability (and is an expense that is allowable).  Does it take a few hours or days for it to register? 

1 reply

P
payment after leaving
April 7, 2020

Hi RICHAE50

 

When you enter customer invoices to the self employed product they are just for reference you will still either have to manually enter the transaction, within the transactions page as business income, when you receive the amount from your customer or if you have the bank connected review/categorise the amount as business income. 

When you have added the expense what category did you use?

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