Recurring benefit payments

hi
i get recurring payments from the government via universal credit, what is the best way to log the payment for this please.

Proprietor drawings account

hi
do you have any basic details on how to do this please as i am a total newbee to accounting

Tag the payment in your bank feed as something else not on this list and select proprietors drawings account.

I’m assuming your a sole trader and not a Ltd company.

Universal credit isn’t a business transaction and so it would be tagged the same as any other non business transaction.

This topic was automatically closed after 6 days. New replies are no longer allowed.