Hi, Firstly thank you for a fantastic system, i am just finishing my 2013-2014 tax return (as a sole trader) I’m not sure if this is right but I set up my business bank account in the GENERAL BANK section ( for the 1st time i was trying to keep a business account & personal account separate to make it easier for myself) and set up my other personal accounts and accounts of mother & husband who helped finance the business purchases in LOAN ACCOUNTS as this was the only way i could separate everything when trawling through lots of receipts and i could tag them to all the different accounts.
I have not uploaded any statements as i am still new to all this and i have not put any of my personal transactions anywhere. The problem is, in hindsight, i wish i had just put all the business accounts (GENERAL BANK section) purchases & sales in the current account, where there is a small number of purchases that automatically went in there when i started. Is there anyway bulk change the bank account nominal code. As i see you can bulk change nominal codes in categories, Also i had another Loan to the business at the end of the year, should i set that up as a new account in the LOAN ACCOUNT section or shall i just put it through as a new sales invoice? Any help and advice much appreciated.