Hello, I have recently started a sole trader business. I am currently using my personal account. I am unsure exactly how to go about adding and removing transactions. I have no knowledge of using QuickFile and where to start.
Can anyone offer advice
Thank you
Phil Smith
Upload bank statements downloaded from your bank would be the way to go.
But if you don’t know what to do about tagging then I suggest reading the knowledge base articles before you even attempt to start recording details.
I would check out these articles to begin with: Getting-Started
Getting Started with QuickFile and
Sole Trader Bookkeeping - The Basics
What I did was to run in parallel with the existing accounting system for one production cycle of the magazine to get the hang of things then clear everything down and start in anger.
The mistake that I made was not to set the opening balance of the bank account.
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