Skip to main content
Jun 3, 2021 6:57 PM UTC
Solved

How do I record medical expenses in QuickBooks?

I want to record pharmacy/medication expenses. How do I do that in QB?
katherinejoyceO
Jun 3, 2021 8:51 PM UTC

Welcome to the Community, @gbjamison2.

 

I'm here to help you record pharmacy/medication expenses in QuickBooks Self-Employed. 

 

First off, check if you qualify in QuickBooks Self-Employed by filling out your health profile. 

 

Here's how:

  1. Click the Gear icon.
  2. Select Healthcare, then enter your info and answer the questions about your health insurance situation.
  3. Select the Health Savings Account tab.
  4. Answer the questions about your health insurance situation.
  5. When you're done, select Save.

 

If you are, make sure to categorize all insurance-related transactions under Schedule C: Health Insurance. Otherwise, you'll need to categorize it as personal expense transactions. 

 

You can also check out this article to learn some more insight about recording medical expenses: Track healthcare deductions in QuickBooks Self-Employed.

 

Keep in touch if there's anything else you need help with. I'll be here to lend a hand. More power to your business!

 

10 replies

katherinejoyceO
Jun 3, 2021 8:51 PM UTC

Welcome to the Community, @gbjamison2.

 

I'm here to help you record pharmacy/medication expenses in QuickBooks Self-Employed. 

 

First off, check if you qualify in QuickBooks Self-Employed by filling out your health profile. 

 

Here's how:

  1. Click the Gear icon.
  2. Select Healthcare, then enter your info and answer the questions about your health insurance situation.
  3. Select the Health Savings Account tab.
  4. Answer the questions about your health insurance situation.
  5. When you're done, select Save.

 

If you are, make sure to categorize all insurance-related transactions under Schedule C: Health Insurance. Otherwise, you'll need to categorize it as personal expense transactions. 

 

You can also check out this article to learn some more insight about recording medical expenses: Track healthcare deductions in QuickBooks Self-Employed.

 

Keep in touch if there's anything else you need help with. I'll be here to lend a hand. More power to your business!

 

Jun 5, 2021 8:01 PM UTC

Thanks for the help.