New to QBSE. Can a tax credit from the previous year be entered into the system?

IE. Over payment of Fed Tax


Thanks for choosing QuickBooks Self-Employed (QBSE), drduhon1.

You can make the tax credit reflect in your QBSE account by manually adding and categorizing it under as Estimated taxes. Let me show you how.

  1. Click Transactions on the left menu.
  2. Click Add transaction.
  3. Enter the correct date, description, amount.
  4. Select the correct category.
  5. Click Save.

I recommend reaching out to your accountant to guide you on how to enter the tax refund. I've also added this article in case you have other questions about QBSE: QuickBooks Self-Employed Overview.

Drop a comment below if you have other concerns. I'd be more than willing to help you.

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