But is there no way within my account, to set up dummy accounts that don't link to anything, where I can 'transfer' the money so that it shows the correct balances of my pots? Even if I have to do some manual work?
There's another thread where this is possible, but with Quickbooks online (not self employed) - https://quickbooks.intuit.com/learn-support/en-uk/banking/accoutning-for-transferring-funds/00/551365
So is this just a feature that's not available to me?
Otherwise I am going to find reconciling each month much harder if everything goes under 'personal'.
Hi Carolyn,
I've been trying to sort out exactly the same thing...
I've found a solution.
I have money coming into my business account and it automatically takes of a percentage for my tax pot (and you would have your pension pot too).
In quickbooks you have to choose how each transaction is treated, so select business income for the money coming in. Then where is says money coming out into (tax pot/pension pot) select exclude. This will keep your full payment in quickbooks whilst allowing you to separate your money in monzo.
I hope that helps!
Tom
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