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May 24, 2023
Question

Tax Summary - Quickbooks self employed - Expenses and deductions the same amount?

  • May 24, 2023
  • 1 reply
  • 0 views

Hello!

 

I am currently preparing my tax submission and I am noticing my expenses and deductions are the same except for the meals category. Did I set something up wrong?

1 reply

May 24, 2023

Hi there,

 

Congrats on your first post in the Community. QuickBooks Self-Employed is designed to help you manage your income and expenses with ease using the features offered in the program. 

 

In order to learn more about the discrepancy you're seeing, I recommend you to reference the following variables that may be causing the discrepancies on your report: 

  • Reporting dates: It's important to make sure your report dates include the transaction in question.
  • Cash vs Accrual: Since the report amounts can report differently due to the accounting method, I recommend checking the method you're using on your reports. You can change this setting while running your reports by selecting the Cash or Accrual radio buttons under Accounting method.

I also recommend clearing cache and cookies on your browser. Clearing cache and cookies helps with fixing most browser issues. You can do this by following the steps in this article: Clear Cache and Cookies.   If you're still having issues after verifying the info above, I recommend contacting our support team so they can take a closer look at the issue. Here's how you can: Contact QuickBooks Self-Employed Support 

 

Let me know if this info helps. If you have any other questions, feel free to reach out here. I've got your back.