How to account for personal / business split costs

Accounting
1

Hello all,

How do I account for costs, as opposed to purchases?

How, as a sole trader, do I account for my fixed costs, e.g. share of house electricity,share of printing costs, etc.?

Many thanks for any advice to newbie

2

Hi @Renoire

For the purpose of accounting for them, they would still be entered into the system as a Purchase. You may find our guide here useful, which describes how to account for this.

I hope this helps, but please let us know if we can help further.