Use this category for transactions where you're making a credit card payment. These types of transactions aren't business expenses because you're not purchasing anything for your self-employed work; you're making a payment. They're considered "transfers," so they're excluded from our calculations for estimated taxes or business expenses.

Tip! To account for self-employment expenses you purchase with a credit card, be sure to connect that card in the product. That way, the expenses will be itemized for tax purposes and you can make sure they're categorized appropriately.