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March 29, 2021
Question

How do I change so that my expenses are as per the CIS Scheme and not general expenses?

  • March 29, 2021
  • 1 reply
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1 reply

March 29, 2021

Hello, smudger9529-gmai.

 

I'll make sure you're able to organise  your CIS expenses as per the guidelines. 

 

QuickBooks Self-Employed doesn't track CIS yet, but QuickBooks Online can. Since you have CIS obligations, you might want to use this version instead. 

 

If you need to switch, you can check this article to begin the process: Switch from QuickBooks Self-Employed to QuickBooks Online

 

After switching, you can start tracking your CIS-related expenses. QuickBooks Online automatically creates those CIS codes, categorise the amounts under CIS accounts, and lets you manage subcontractors. 

 

I recommend checking this article to help you get started: CIS in QuickBooks Online.

 

However if you don't want to switch, you can track regular expenses then manage your CIS obligations outside your Self-Employed account. 

 

Need help managing your transactions, reports and taxes? You can check out our guides from a wide range of topics in the general support page (switch products by selecting one under Topics for).

 

I'll address other concerns you might have for QuickBooks. I'm here to ensure you're up and running when managing your business.