How do I enter a training related expense in QB? (2024)

‎June 03, 201902:29 PM

• QuickBooks Online

GeorgiaC

Himel14,

If you do not already have an expense account within your chart of accounts that you wish to assign this to then you can create a new one by going to accounting > chart of accounts > new.

You could create an account, for example Account type -'Other expense', Detail Type - 'Other expense',*Name'Training', andthen select this account on the category drop-down when entering the expense transaction.

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Hi

I can't seeaccounting > chart of accounts > new. in my quicbooks account. i am using self employed

How do i enter an expense account?

Thanks

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HeyNicola6,

These steps are for the browser version of QuickBooks Online (Simple Start, Essentials and Plus). Can I verify which version of QuickBooks you are using?

Thanks

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Hey

Thanks for coming back to me. I'm using the self employed version.

Thanks

Nicola

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We're so happy to have you back,Nicola.

The steps provided by my colleague above is applicable in QuickBooks Online version.

For Self-Employed, we can record the amount of the training and and select the correct category. This way, the calculation will beincluded to your self employed taxes.

Here are the steps that will surely walk you through the process:

1. Click Transactions from the left side.
2. Select the Add transaction button.
3. Under Transaction, enter a description.
4. Enter the amount and hit the Select Category link and choose an expense account.
5. Then, Save.

You can take a look at these articles for additional information:

• Custom categories in QuickBooks Self-Employed.
• Categories in QuickBooks Self-Employed.

Thanksfor clarifying the version you're using right now. If you have additional question, you can post them here anytime. It'd be my pleasure to help and provide you further information about QuickBooks Self-Employed. Take care!

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I know how important it is to categorise your expenses accurately, edrookie.

Let me make it up to you by ensuring that you'll be guided on the correct category to choose.

In QuickBooks Self-Employed, expense categories line up with the Schedule C tax form. When youcategorise a transaction, the program matches the correct line on the form.

Currently, there isn't an option to customise and provide a category related to training. I'd suggest consulting an accountant for recommendations on how to handle this type of situation. If you don't have one, you can use ourFind-an-Accountanttool to look for an expert near you.

Additionally, I've included ourQuickBooks Self-Employed Overviewarticle for future reference. There, you can see how the program helps you track everything throughout the year.

Please let me know if you have any questions or concerns about managing your transactions. I'm always here to help you out. Take care!

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