"other current liability"
Would this account type be suitable for personal expenses made that I don't want shown in a P/L report, or any other income reports?
Comments
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Well a liability or asset can be used, money owed to the company is usually an asset though. It can be entered as Drawings or Loan - ABC
You could use an Other Expense account which would show it at the bottom of the P & L. Your accountant would be the best person to advise as he would know the structure of the business
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You can do - I use the Other Income & Other Expense-type accounts & just omit these from my Memorised business P&L π
(Note: this is fine as a sole trader however personal transactions may need to be recorded differently if the entity is operating under another structure - especially a company - depending on the situation & setup)
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I have converted the accounts to 'other expense'. How do I omit them from a report? I was guessing to use 'filters', but didn't get very far.
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With Profit and loss on screen select modify, filters and change to All ordinary income/expense
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Thanks Kris. 'All ordinary income/expense accounts' cracked it.
There doesn't appear to be information about what each filter does, I never would've guessed to use that one.
Cheers, Chris
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The Find & reporting in RA is extremely powerful & no other program has the capability on par with Reckon - You can pretty much search & customise a report on anything! βΊοΈ
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