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July 29, 2021
Question

Do QB notify Universal Credit with income and expenses or do I have to do that myself?

  • July 29, 2021
  • 1 reply
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1 reply

MichelleBh
July 29, 2021

Hi there, @wsrooney-hotmail.

 

I've got some information about your Universal Credit in QuickBooks Self-Employed. Thus, you'll be guided accordingly. 

 

With this, I'd recommend notifying Universal Credit on your own. You can make your claim and check the status of the payment on the government website.

 

Additionally, to find out what you can claim, you'll want to use the benefits calculator. From there, complete the required details, then click Save the calculation and create account tab on the bottom part. See the sample screenshot below for your reference. 

 

Furthermore, you can always run a Profit and Loss (P&L) report to track your income and expense transactions. Let me show you how. 

  1. Go to the Reports tab on the left side. 
  2. Click the small drop-down arrow beside P&L, then choose the accurate report period. 
  3. Tap the View hyperlink. 

 

To know what is the minimum and maximum income for Universal credit, check out this link: Income Support for the Self-Employed - January 2020 Update.

 

Notify me if you need any extra information. It has been a pleasure doing business with you. Keep safe.