How do i categorise my personal expenses

Hello there.

Let me share information about using the same account for business and personal expenses in QuickBooks Online.

It's important for businesses to separate business and personal expenses for better financial management.

You can avoid the personal expenses to show in the income tax and VAT returns by excluding the transactions from the Transactions page.

Here's how:

1. From the left menu, choose Transactions and select Bank transactions.
2. Click the For Review tab.
3. Tick the checkbox of the transactions to exclude.
4. Select Exclude.

I would recommend consulting an accountant for guidance in handling your personal expenses in the future. If you don't have an accountant, click this link to find one: Find an accountant.

You can also read this article to help you about mixing business and personal accounts: Mixing business and personal funds in QuickBooks Online.

For future reference, I'm adding this article to guide you in handling personal expenses from a business account: Pay for personal expenses from a business credit card or bank account in QuickBooks Online.

Feel free to click the Reply button below if you have questions about handling personal and business expenses in QuickBooks Online. I'm always here to help. Have a great day.