I’ve imported my banking transactions, and am going through them, tagging them.
Which things need to be linked to an invoice, which to a journal, and which only need to be tagged with a code?
Is it correct that journals are needed for salary, and other related charges (pensions, PAYE tax and NI payments to HMRC)? Are they meant for anything else?
Which things should use “Payment to a supplier” and which “Something else not on this list”? - What counts as a supplier? (E.g. if I pay for Sage payroll software, which should I be using? - It’s a direct debit, but they do email me an invoice each month).