Sole Trader spending some domestic through business account

Chris
Member Posts: 43 ✭✭
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.
0
Best Answers
-
I just call it Personal Expenses with Equity account type as you suggested. No gst .
Gerry 0418907140
2 -
No tax code at all………………
3
Categories
- 18.3K All Categories
- 6.3K Accounts Hosted
- 5.7K Reckon Accounts (Desktop)
- 10 PaySauce for Reckon Accounts NZ
- 977 Reckon Payroll App
- 12 Payroll App - Help Videos
- 13 Reckon Mate App
- 2.9K Reckon One
- 8 Reckon Invoices App
- 12 Reckon Insights
- 105 Reckon API
- 773 Payroll Premier
- 290 Point of Sale (Desktop)
- 1.8K Personal Plus and Home & Business
- 57 About Reckon Community