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March 30, 2022
Question

How do I categorise Software & equipment purchases in my QB account?

  • March 30, 2022
  • 1 reply
  • 0 views

Hi

 

I use Self Employed QB software & I am just wondered which category I use when I am logging certain expenses:

1. Software - so we run a gym & all our members have access to a software where they can log their progress.  We are also subscribed to booking in software & zoom etc.

2. Equipment - there just doesn't seem to be a category for equipment we have purchased for the gym members to use.  So I mean like bars, weights, machines not office bits.

 

If anyone could help me that would be great.

 

Many thanks 

1 reply

March 31, 2022

Thanks for visiting us here today, @Snowling1.

 

I'll share some insight about categorizing expenses. You'll want to use the business expense category in QuickBooks Self-Employed (QBSE). You can choose the difference type of expense categories to record the cost. However, I recommend consulting with an accountant to ensure you're using the correct account for filing purposes. They are your best resources for accounting advices.

 

You can check out our site to look for an accountant near you: Find an accountant.

 

Additionally, here are some handy articles that'll help you view the types of categories in QBSE.

 

 

For other QBSE-related tasks, browse this link to go to the page: View all help for QBSE.

 

Please let me know if you have other questions or with expenses. I'm more than happy to answer them for you. Take care and have a wonderful day ahead.