How to account for a shared Private and business asset

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  • Updated 4 weeks ago
I have purchased a 'Caravan/Site Office' to do some travel while I am still working, (My business allows me to work from anywhere). I understand there will be a private component of the caravan as we are a using it as our home but there is a dedicated purpose built office in the caravan which I use everyday. (lets say 60/40 split priv/bus)
My question is - How do I set this up in Reckon One? The caravan is financed so there should be an asset account, with associated depreciation, as well as an expense account for the repayments. How much of the repayments would be attributable to expense? How do I make the necessary transactions? 
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Terry Survaer

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Posted 1 month ago

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Terry Survaer

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Well this is disappointing! I was hoping to get a reply from an accountant / partner and perhaps build an ongoing business relationship.