I am new to QuickFile and wonder how best to handle expenses that are a combination of business and personal, such as my phone bill.
What I would like to do is ‘tag’ the relevant bank item to an invoice which has two lines - one for the business element which I would assign to ‘Telephone & Mobile Charges’ and a second line for the personal element which I would assign to ‘Proprietor or Partner Drawings’. Unfortunately the system does not let me use that nominal account, so I have created a new one called ‘Personal Use’ but that is treated as just another business expense code in the reports.
I realise that I could edit the bank feed and split each such item into business and personal charges, then assign the business one to a suitable purchase invoice and the private one directly to ‘Proprietor or Partner Drawings’ but that is more trouble and impairs the integrity of my bank feed.
This must be a common requirement for QuickFile users, what is the best solution?