I run an ear wax removal service and im using quickbooks for the first time. I dont know what category to put the cost of buying the equipment I am using. Any help??

Thanks for reaching out the Community, @open-ears-hotmai. I'm here to share some insights about categorising equipment in QuickBooks Self-Employed (QBSE).

Equipment can be recorded as fixed assets, for these are the items that you can't immediately count as an expense when purchased. You could use Supplies (items you buy and sell) or Other tools and equipment category (tangible items) when adding them in QuickBooks Self-Employed.

However, I would refer you to confirm this with an accountant. They have more knowledge about Self-Employment accounting and help you which category to use.

The Chart of Accounts is unavailable in QBSE. Which means adding categories or assets is unavailable as well. If you need to categorise these purchases as business assets, get help with a tax advisor.

Here are some links to help you further with this:

• Manually add transactions in QuickBooks Self-Employed
• Categorise transactions in QuickBooks Self-Employed
• Schedule C and expense categories in QuickBooks Self-Employed (This article for categorising is for US but the explanation is the same with the UK)

I'll be around if you have other questions or concerns. Please don't hesitate to let me know in the comment section. Take care and have a great day!