As a sole trader, I use my bank for bot business and personal spending. After down
loading my bank statements, what do you suggest I categorise my spending as so they don't show up as expenses and on my VAT record.
Many thanks
Des
Hi,
So if I am self employed as a sole trader, VAT registered so I need this package for MTD, How do i register what I pay myself. Do I set up something under my name.
Loving the product but can't get over this problem.
So thankful for you help.
Des
Hi Des,
Looking over the conversation, i think it's just a bit of confusion on our part over the package you are using.
You will not mark as Personal, in the package you have (Which IS our online package, not our self employed one) - This package is the correct package for VAT tracking and submissions to hmrc for VAT, over "Self Assessment" (SA103F) creation.
You can batch select any transactions you don't want to include because they are your personal transactions, or non-business transactions, by ticking each one. Scroll to the top of the list to use "Batch Actions", and then "Exclude". Ignore the terminology Personal, you won't see it in your account. You'll exclude, and achieve the same outcome.
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