Adding NEW Business Expenses Categories
Is there some trick that I'm missing to add new categories to Business Expenses? I've already made the ones that were pre-installed by Quicken visible under "Business Expenses' using Category List > Options > Manage Categories.
Now, when I click "New Category" or right click and select "New Subcategory", in both cases it creates my new category in "Personal Expenses" and not in "Business Expenses.
It's as if you can only use the categories pre-installed by Quicken.
Thank you in advance!
Chris
Quicken user since 2014.
Using Quicken Windows Subscription on Windows 10.
Best Answer
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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.
I'm staying on Quicken 2013 Premier for Windows.
7
Answers
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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.
I'm staying on Quicken 2013 Premier for Windows.
7 -
Thank you! I guess that makes sense that it would only get moved/converted from a "Personal Expense" to a "Business Expense" once you've set up the tax tab appropriately.
Chris
Quicken user since 2014.
Using Quicken Windows Subscription on Windows 10.0