Quickbooks Self-employed has a way of “Separating business income and expenses from your personal transactions with a simple swipe”
Is something like this possible with Quickfile - how can i easy categorise something to be a business or personal transaction from my Bank feed?
(Worth noting I’m self-employed)
Personal expenses shouldn’t be recorded anyway. Quickbooks may let you seperate the two for your own information but in reality any personal expense should be tagged as either proprietor drawings or directors loan account depending on if your self employed or a Ltd company.
If you have regular reoccurring personal expenses you can use auto tagging to tag them automatically to drawings. However if some expenses from the same company are sometimes business related that won’t work.
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