I started using QuickFile at the start of my FY in April 2019. One of the first bank transactions was a repayment to the director for mileage in a private car over the previous year - it has been sitting as an untagged bank transaction all year.
I created a purchase using the travelling code to cover the amount (dated 30 Mar 2019) and marked it as paid by bank transfer on 6 Apr 2019.
How do I tag that transaction so that it doesn’t show up in this years accounts? I tried using an auto-reversing journal but those travelling expenses still show up in this year’s P&L.
I tried to tag the bank transaction to link it to the purchase but it doesn’t seem to be possible - maybe it’s because it’s more than 6 months ago? I also tried having the purchase marked as not paid but that didn’t help either.
As you can tell, I am confused about how to proceed.
Any simple advice for a very-non-accountant welcomed!