How do I add my photography purchases as a "business asset"

Effectively managing your photography equipment as business assets is crucial for keeping organized financial records, Redes.

QuickBooks Self-Employed is designed to help freelancers and self-employed individuals track income and expenses for tax purposes. While it doesn’t have tools to track assets and depreciation like QuickBooks Online, you can categorize significant purchases as Assets so they are accounted for correctly on your tax summary.

Here's how:

1. Navigate to the Transactions menu.
2. If purchases were automatically downloaded from a linked bank or credit card account, locate the transactions. If they were not, select Add Transaction to manually enter the details.
3. In the Categories and Tags dropdown menu, search for asset and select the appropriate category for your purchase.
4. Once completed, click Save.
   

For further guidance, check out this article: Schedule C and Expense Categories in QuickBooks Self-Employed. It provides a comprehensive list of available categories and instructions on categorizing transactions effectively.

If asset and depreciation management are becoming increasingly important for your business, consider upgrading to QuickBooks Online. These versions allow you to track assets on your Balance Sheet and assist with depreciation accounting.

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