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How Do I Categorize Fiverr in QuickBooks?

Last updated on January 30, 2023 @ 7:56 pm

Fiverr is an online marketplace that allows businesses to find and hire creative professionals to get things done. Businesses can search for freelancers by category, skills, and price. Once they find a freelancer they like, they can contact them and hire them for a project.

Fiverr offers a variety of services, including but not limited to: graphic design, web development, SEO, copywriting, and social media marketing. Businesses can use Fiverr to find professionals to help with one-time projects or on-going work. Fiverr is a great option for businesses that want to save time and money by outsourcing tasks.

When it comes to categorizing Fiverr in QuickBooks, there are a few different options. The first option is to create a separate vendor account for Fiverr.

This will allow you to track all of the payments you make to Fiverr in one place. The second option is to create a separate bank account for Fiverr. This will allow you to track all of the payments you make to Fiverr in one place. The third option is to create a separate credit card account for Fiverr.

PRO TIP: If you are using QuickBooks to track your finances, you will need to categorize Fiverr transactions in order to keep accurate records. There are a few things to keep in mind when doing this:

1. Fiverr transactions should be categorized as “Other Income”.

2. Be sure to include the name of the gig and the buyer in the description so you can easily identify it later.

3. If you have multiple Fiverr accounts, be sure to categorize each one separately so you can keep track of them.

4. Keep track of any refunds or cancellations so you can adjust your records accordingly.

The best option for categorizing Fiverr in QuickBooks is to create a separate vendor account for Fiverr.
This will allow you to track all of the payments you make to Fiverr in one place. You can also set up recurring payments so that you don’t have to enter each payment manually. This will save you time and ensure that your payments are always up-to-date.

Conclusion:


The best option for categorizing Fiverr in QuickBooks is to create a separate vendor account for Fiverr. This will allow businesses to track all of the payments made to Fiverr in one place while also saving time with recurring payments set up.

Drew Clemente

Drew Clemente

Devops & Sysadmin engineer. I basically build infrastructure online.