How do I add my car finance to my expenses cannot seem to do it . Thanks

You can set up a liability account from the Chart of Accounts, then create a journal entry to record the loan.

To set up your loan liability account, enter Car Finance Loan as the Account Name. In the Account Type drop-down menu, select Non-current liabilities.

If you intend to pay off the loan by the end of the current financial year, choose Current liabilities instead. Next, select the appropriate Detail Type from the drop-down menu and click Save.

To apply the loan to the proper asset accounts, create a journal entry by selecting the + Create icon:

1. On the first line under Account, select your new liability account.
2. Enter the loan amount under Credits.
3. On the next line, select the appropriate asset account under Account, and enter the same amount under Debits.
4. Choose Save or Save and close.

We recommend consulting your accountant for the appropriate advice on the categories to use for your car finance to ensure this transaction is recorded accurately in QuickBooks for Sole Traders.

You can also refer to this article for more information: Record a loan for an asset in QuickBooks Online.

We are always here if you need further guidance.