I have paid fees to the council for a planning application. How do I categorise this? - Legal and professional fees don’t seem to apply? If the planning application is granted then it may count as an asset?
Hello @lew_daniel
If you have a taxable invoice for the fees you should have the council as a supplier and raise an invoice.
If not you could post it into your overheads (next to other fees 7600-7700).
It may be best to ask your accountant how best to record it as I am not a registered accountant nor bookkeeper.
If you don’t have an accountant, we have a panel of accountants to choose from, for more information, please see the following link:
My problem is that Overheads or WIP etc are not selectable categories in Quickfile purchases. What should I select? it’s 0% VAT rated but I don’t know how to categorise it for Quickfile.
Hello Daniel
You can still select overhead codes if you do a supplier invoice.
The same goes for tagging a bank transaction
(7603 Professional Fees is an example)
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