As of 04/29/2019, all customers in the United States can try out our first version of “Custom Categories”! You’ll see we’ve called it Tagging.
You can try it out by logging in to QuickBooks Self-Employed through your favorite web browser and going to our Labs section by clicking on the Gear Icon and going to Labs (note you can also go this URL- https://selfemployed.intuit.com/home#/preferences/labs)
Currently Tagging is only available through the Web (not our Mobile Apps just yet) for US customers.
We would love your feedback as you start using this first version! Please use the “Give Feedback” link on the Labs page as our team will be closely monitoring this.
Looks like allowing users to modify categories would fix a lot of the suggestions on this board.
But for all of you, just so you know, you can just use the categories that are given and change/add names in excel. So allocate your music and equipment to "office supplies". Then when you go to Tax Reports, download the Tax Details summary, and this will give you an XLS of a summary of your total categories, and separate tab worksheets of each category's expense. All you need to do is change the name of "Office supplies" in excel to "music, equipment" OR a better idea, add in parentheses (Music, Equipment). EASY. Change the name or put your additional name in parenthesis beside the category where you allocated.
Thanks for your feedback! We’re currently reviewing your feedback and researching this idea. As soon as we have any updates, we’ll post them here.
You can use the category "supplies" as the place where you put your COGs. Then, when you export the xls tax details summary, just change the name to COGs. A name is just a name. All the programmers need to do is allow users to modify the category names.
When I work in several currencies, I need to exclude ledger line items with the foreign currency (for example, if I pay for something in paypal in Euros, the charge comes in as 3 items: 1. the original payment in euro, 2. the currency conversion in euro, 3. the final currency conversion in USD. I need to delete the two ledger items in euros. They actually cancel each other out, however, if they are left in, the ledger totals are wrong in the summary, as intuit only calculates in USD. So excluding these transactions makes the ledger perfect). What I would like is to be able to SET RULES based on exclusion.
Basically, be able to set rules for exclusions (making exclusions a "category") and adding an option for excluding based on currency symbol. Any currency that is not USD is accompanied by a currency symbol, so it would be easy enough to allow a rule that sets exclusion for any currency that has a currency symbol to exclude all non USD transactions.