I'm a little confused about how I'm supposed to sort transactions like bank transfers, credit card payments, interest earned, etc....should those be personal or business?


Good day, vanessakoo88.

I’d be delighted to share with you information on how categorizing your transactions works in QuickBooks Self-Employed.

QuickBooks Self-Employed’s purpose today is to keep track of your business income and spending, but we do hear you and recognize that not being able to track all of your finances (business and personal) in the same tool can be annoying. The categories available in the system are in compliant with the categories set by IRS. You may refer to the IRS Publication 15, Circular E — Employer's Tax Guide.

For a complete list of categories available in the system, you may check out these articles:

To be guided accurately on how to categorize your transactions, I highly recommend reaching out to your accountant. You can also visit AnswerXchange Community Team for further assistance.

Feel free to let me know if you need more help while working with your QuickBooks Self-Employed account. I'm always here to help.

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IntuitJuViel , Community Support Specialist
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