Other business income

Hi there,

Thank you for your interest in using QuickBooks as your business tool. I’m here to share some clarifications about how transactions work in the system.

The invoices are primarily used for tracking purposes in Quickbooks Self-Employed. That’s why marking them as paid will not immediately classify this as income. You’ll need to manually add and categorize them on the Transactions page.

Here’s how:

1. Go to the Transactions menu from the left panel.
2. Click the Add transaction button.
3. Enter the date of the payment under DATE.
4. Fill in a brief description of the transaction. 
5. Type the amount under AMOUNT. 
6. Choose a category for the transaction (in this particular case, we want to select Income). 
7. Click Save. 

Once done adding, it will display in the total income for the year.  See this reference for additional information: Manually add transactions in QuickBooks Self-Employed. 

If you’ll want to have your payment transactions automatically downloaded in the program, you’ll need to connect your bank account. You can then create rules to help you with categorizing your transactions easily. For additional information, you can click this article: Create rules to speed up reviews in QuickBooks Self-Employed.

Please click this article to see on how QBSE is designed to help you record your self-employed income and expenses, track mileage, and prepare your Schedule C: QuickBooks Self-Employed Overview.

Feel free to add your reply below if you have further concerns about your income accounts or tax forms in QuickBooks Self-Employed. I'll standby to help you out. Have a good one and take care.