I have a series of 'Spaces' in my Starling bank account to hold VAT or PAYE payments. These are just ring fenced parts of my bank account, not separate accounts.
How would you show these 'Spaces' within Sage. I could simply create 'new' accounts on the banking page and when I move an amount set aside for VAT into the VAT 'Space'... I simply log that as a transfer from the main account into a VAT account.. but strictly speaking, the 'Spaces' are not accounts..
I'm sure as long as they are accounted for it'll be ok but just wanted to hear best practice.
Thanks..