Hi.
I’m a sole trader and have been using Quickfile for the last year and everything seems to has gone well. I have been using a seperate bank account just for the business.
I have now accounted for everything in the year 2013-2014 and 31/3/2014 is my year end date. I had approx £1500 in the Propreiters Drawings account so have transferred that to a personal bank account.
I will have about £500 profit and have left that in the bank account. I want to know how I can leave that £500 in the bank (to cover purchases etc.) and account for it within Quickfile?
(I don’t know if it will make any difference but I have just run the Simplified Year End tool).
Many thanks for any help,
Rgds,
Simon.