How do you categorize personal expenditures? (2024)

‎February 21, 202110:30 PM

• QuickBooks Self-Employed

Welcome to QuickBooks Community,cbreen.

Let me show you how to categorize a transaction.

You should mark the transaction that is not part of your business as Personal.

1. From theTransactionsmenu, find thetransaction on the list.
2. SelectPersonalunder the Type column.
3. Choose or review the category in theCategorycolumn. Select a general type, and select a more detailed category.
4. When you're done, selectSave.

Please check this link:Categorize transactions in QuickBooks Self-Employed. This will show you the detailed steps in categorizing transactions and the different categories.

Post again if you need anything else. I'll be here!

I want to know how to categorize personal transactions, transactions that I already categorized as personal. How do I categorize it as medical, groceries, etc?

Hi there,cbreen.

All personal transactions are set to be categorized as personal. It includesincome that's not part of your self-employed business,income from others who share your bank accounts, andPersonal transactions and deposits, such as regular paychecks from an employer.

For more details, you can check out the categories we use in preparing your taxes and forms:Schedule C and expense categories in QuickBooks Self-Employed.

Let me know if you have other questions. Take care!

Hello, @Aus5252.

Thanks for joining this conversation. Allow me to chime in and help you categorize your expenditures in QuickBooks Self-Employed (QBSE).

ThePersonaloption can be found in theTypecolumn on theTransactionsmenu. If you're unable to see it, let's sign in to your QBSE using a private browser (incognito). This will help us check if this is a browser-related (cache and cookies) issue.

Here's how:

• PressCtrl+Shift+N(Google Chrome).
• Ctrl+Shift+P(Firefox).
• Control+Option+P(Safari).

Once logged in, go back to theTransactionsmenu and check if you can now see thePersonaloption can be found on theTypecolumn.

If it's successful, return to your default browser and perform aclear cacheto refresh the system. However, if the issue persists, try using othersupported browsers.

To learn more about managing and categorizing transactions in QBSE, consider checking out this article:Categorize transactions in QuickBooks Self-Employed.

For tips and other resources, I recommend visiting our website for future reference:Self-help articles.

Please post again or leave a comment in this thread if you have follow-up questions about this or anything else QuickBooks. I'll be more than happy to answer them. Stay safe and enjoy the rest of the day.

Hello there, Explorz.

I'll make sure that you'll be able to view that column and categorize your transactions.

The Type column is located next to the Amount column. If you're unable to see it, you can perform the troubleshooting steps provided by FritzF above to isolate the issue. QuickBooks Self-Employed uses cache and cookies to load the pages faster. There are times that these files accumulate too much causing unusual behaviors in the program, like missing or unresponsive UI.

If the issue persists, I'd recommend contacting our technical supports so we can look into your account and conduct an investigation. Here's how to connect with us:

1. Click the Assistant icon.
2. Enter "Talk to a human" in the search field.
3. Enter a brief description of your issue.
4. Select your preferred support method.

Lastly, here are some articles that will help you organize your transactions in QBSE:

• Split transactions
• Categorize transactions
• Add older transactions

I'm just a comment away if you need more help in dealing with your other tasks.

Maybe your personal categories are turned off?

If so...

Solution:

Step 1. Go to gear icon (settings). Under "TOOLS."
Step 2. Select "Manage categories." In the upper-right corner
Step 3. Toggle (switch on) "Personal categories."

Unfortunately, the"Personal categories" toggle (switch off) again when you run a report and then click on particular category (which links to transactions). No worries, simplyswitch on"Personal categories" again (Follow steps above.)

Rinse and repeat 15-20 times an hour.

It's tax season. Having fun yet?

I found and reported this bug with the QuickBooks Self Employed team at Intuit.As of today, a QBSE rep has escalated for further investigation and solution.

I am using QBO. How to categorize income as personal for few transactions please

I am able to do it in self-employed.

Hello there, @akilap. QuickBooks Self-Employed and QuickBooks Online are two different platforms so there are certain features in QBSE that are unavailable in QBO. One such functionality is the ability to categorize transactions as Personal.

Nonetheless, you can create a separate account specific to your personal transactions in order to keep track of them. Here's how:

Note: It's important to keep in touch with your accountant for advice regarding the detailed type of account to use. This keeps your books in order.

1. Open the Accounting menu and go to Chart of Accounts.
2. Click on New.
3. Select the Account Type.
4. Choose the Save account under from the dropdown.
5. Fill out all other necessary details.
6. Once done, hit Save and Close. ( See the image below for reference)

After that, you simply need to make sure that you choose this account every time you create personal transactions. This ensures that they are appropriately assigned in the future. Visit this guide for more details on handling your transactions: Categorize online bank transactions in QuickBooks Online.

I'll also include these extra modules about keeping your Chart of Accounts organized and hiding accounts you no longer use:

• Create subaccounts in your chart of accounts in QuickBooks Online
• Make an account inactive on your chart of accounts in QuickBooks Online

Please visit us again if you need anything else about banking or QuickBooks in general. We're always here to help you. Stay healthy!