Business expenses

How do I manually input a business expense?

Answers

  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
    Just add a transaction to an account register, but make sure that the category you use has a tax line set to a schedule C tax line.
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  • volvogirl
    volvogirl SuperUser ✭✭✭✭✭
    The same as any transaction.  Like in your checking or credit card account.   Then categorize it to a business expense category.  To be included in business reports (and I don't know where else) you have to assign the category to a schedule C tax line item number.  To check the tax line assignment open the Category list by either clicking on the Category Icon or go to Tools-Category List or Ctrl+Shift+C.  Then select the category and right click on it to Edit it.  Click on the Tax Reporting Tab and check the box for Tax related and pick a Schedule C: tax line item.




  • Chris_QPW
    Chris_QPW Member ✭✭✭✭
    It was pointed out to me there are two other ways to record businesses expenses.

    You can right click on a transaction and select "Tax line assignments" and assign it to a Schedule C tax line, this assigns that transaction to the Schedule C tax line even if the category isn't assigned to it.

    If you have Home & business there are also business tags.
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