If you are reselling products, which option is best for categorizing the payment from a customer for the products?


Hello there, kenneth.descombe,

There are two types of income categories you can choose when recording a customer payment in QuickBooks Self-Employed. You can categorize it as Business income or Personal income.

Personal income is any positive amount that's deposited to your accounts that doesn't come from your self-employed work. Whereas the business income is the money that comes from your self-employed work that's included in the calculations for estimated taxes.

To help you better understand each category, please check out these articles:

You can also refer to this article for the complete list of categories in QBSE: Category types Income and Expenses.

I'd also recommend consulting your accountant to help you decide for the best category to use in recording our transactions so you'll be able to pay the right amount of taxes.

Please let me know if you have other concerns about categorizing transactions in QuickBooks. I'm just around if you need further help.

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