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2 replies

M
MaryAnn_E
May 31, 2020

Hello there, @burnshomeandrepa.

 

 

Perhaps, are you referring to your Home Office -related expenses? 

You can either use Equipment rent and lease or Home Office Rent & Lease. For more information about categories.

 

Although, I'd always suggest reaching out to your tax adviser on the best way to categorize the fee. You can refer to this link here to check the categories in QuickBooks Self-Employed.

 

 

Also, I’m adding this article about Schedule C Categories breakdown to help you with different expense categories. 

 

If you have any other questions in QuickBooks, leave a comment below. I'll be around to help.

B
burnshomeandrepaAuthor
June 2, 2020

I mean Homeowners Association Fees I can't find it on the categories breakdown.

Pabz_L
Pabz_L
June 2, 2020

Hello, @burnshomeandrepa.

 

As for now, the available and updated categories that can suit any transaction in QuickBooks Self-Employed are shown in Schedule C Categories breakdown. Most of them were renamed so it’s easier to identify where your expenses belong. 

 

While we're not able to provide which expense category to use for a specific transaction, you may want to refer to this article to learn more: Other business expenses.

 

Given all the information, I'd still advise you to seek guidance with your accountant to handle this kind of situation.

 

If you need further assistance with QBSE categories, please leave a comment below. I am here to help. Take care!

T
Teri11_2
June 2, 2020

HOA = Homeowner's Association Fees are usually a personal vs. business expense so not a normal category.

F
Finsnake
August 3, 2021

Not entirely true. TurboTax applies them to my home office at the same percentage as all other split fees (Electricity, water, etc.)

T
Teri11_2
January 26, 2023

Yes, but since they are personal expenses that the company is reimbursing you for that level of detail need not be recorded on company books. Technically, you are billing your company for "Home Office Rent Expenses."

That detail would be maintained on your personal books. That being said, it is also fine to split them up as you prefer and I assume you can just add a new account number if you like. May I assume your QB allows for that?

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