Sole Trader spending some domestic through business account
Chris_7194422
Member Posts: 57 Reckoner
Using Reckon Accounts it is sometimes unavoidable passing domestic expenses through the chq account. They are in an account called Domestic which is an expense account. Would this be why it shows up in Tax Reports? Should it be a different account type (equity?). I am sure that my accountant pulls these expenses out, but it would be better if they didnt appear in the tax reports.
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Best Answers
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I just call it Personal Expenses with Equity account type as you suggested. No gst .
Gerry id 6376
Gerhard Winter
Ph. 0418907140
Reckon Store Next Door
"Always at your Service"
Email: gwinter0808@gmail.com
2 -
No tax code at all………………
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