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themoog
March 13, 2023
Question

Paying other soletraders - Quick books online

  • March 13, 2023
  • 1 reply
  • 0 views

I have a very simple side hustle where we provide video production services.

Dont want the overhead of being a ltd.

Sometimes I need to get people in to assist with various duties, director, additional camera personel. They all operate as soletrader freelancers.

Suppose I get paid £1000 and pay a director and camera man £300 each. How do I expense this? I tried using services in quickbooks, but doesn't seem to deduct the costs as I would expect in the taxes section?

Thanks in advance 

 

    1 reply

    SME Bookkeeper
    SME Bookkeeper
    March 13, 2023

    Hi @themoog,

    Thank you for writing here.

     

    If you hire freelance directors, Cameraman etc. then it will be considered as "Expense > Other Miscellaneous Service Cost"

     

    Record 1000 as your income
    Create an expense form (+) New

     

    For bookkeeping assistance, check my bio.

     

    All the best

    @SME Bookkeeper 

    T
    themoogAuthor
    March 16, 2023

    Thanks for replying, I don't seem to have the option of Other Miscellaneous Service Cost ?

     

    Thanks in advance

     

      SME Bookkeeper
      SME Bookkeeper
      March 16, 2023

      Hi @themoog 

       

      You have to create the chart of Accounts first. Then you will find it in category.

       

      For bookkeeping assistance, check my bio.

       

      All the best

      @SME Bookkeeper 

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