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How to categorise my tax?

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Just paid last year's self assessment. How do I input this please? Is it a business expense or a personal?

QuickBooks Self-Employed

Hello Steve9000,

Welcome to the Community page,

So you would have to exclude this type of transaction. An income tax payment is an expense but as it's classed as a liability that your paying it should be expensed out of a liability account so it doesn't show on your P&L but you cant do this in QBSE so you just have to exclude that type of transaction in your account.

A

Ashleigh1Answer

Hello Steve9000,

Welcome to the Community page,

So you would have to exclude this type of transaction. An income tax payment is an expense but as it's classed as a liability that your paying it should be expensed out of a liability account so it doesn't show on your P&L but you cant do this in QBSE so you just have to exclude that type of transaction in your account.

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