Categories
New to QB and just created account and connected my business bank account.
Ran through most of the transactions yesterday but honestly, I was guessing at a lot of the categories I was assigning to things.
Firstly, is there a comprehensive help guide, focused on UK accounts/businesses, that specifically looks at which category to use for which thing giving a general description/examples that I can use as my trusty guide going forward? As a for instance there's no Director's Wages but presumabley Directors Remuneration fits, then there's various income categories, and Purchases as well, which of these say 4 possible choices, do you pick for your revenue?
I'd like to start out from the get-go selecting the correct categories and I fear I've already got loads of them wrong (on the back of which I've already created some auto-categorise rules which are probably totally rubbish and need removing and re-doing!!).
Whilst I understand the ultimate guide is to ask your accountant, I can't see any reason why it wouldn't be possible for QB to have created a guide that gives - well - some guidance on the categories so we at least have a fighting chance of getting them right?! 🙂
Anyone can guide me where to look or resources, I'd be so appreciative.
