Personal Expenses

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Hi, where and how do i record the personal expenses for the company. Diesel, parts for personal use, office supplies. iv just been putting them into money out but how do i decipher them from other money out thats being billed? 

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    Hi Martin 

    Thanks for using Community Hub.

    The best way to decipher them would be looking at putting them under dedicated category codes.

    For example, if you used our default chart of accounts when you set up, you'd have one for Vehicle Fuel (7300).

    When creating Money Out transactions, you would select the category you want the transaction to fall under.

    For further help on what categories to put your transactions under, we'd advise speaking to your accountant.

    If this answers your query please select 'Verify Answer'.

    Regards

    Aziz
    Sage UKI

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  • 0
    SUGGESTED

    Hi Martin 

    Thanks for using Community Hub.

    The best way to decipher them would be looking at putting them under dedicated category codes.

    For example, if you used our default chart of accounts when you set up, you'd have one for Vehicle Fuel (7300).

    When creating Money Out transactions, you would select the category you want the transaction to fall under.

    For further help on what categories to put your transactions under, we'd advise speaking to your accountant.

    If this answers your query please select 'Verify Answer'.

    Regards

    Aziz
    Sage UKI

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