Categorising a credit card repayment

I'll help you categorise the transaction, Allante666. 

You can use Transfers: Credit Card Payment as the category when paying a credit card. 

You might want to create rules to easily categorise transactions. 

Click the Reply button if you need more of our help. Feel free to reach out to us anytime. 

Many thanks for that.

Im sure Ill have a lot more category based questions!

@Kristine Mae wrote:

I'll help you categorise the transaction, Allante666. 

 

You use Transfers: Credit Card Payment as the category when paying a credit card. 

 

You might want to create rules to easily categorise transactions. 

 

Click the Reply button if you need more of our help. Feel free to reach out to us anytime. 

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Still comes under business though yes if it was all for business use? and personal if it was a personal use of credit card (or split)

Actually, looking at it, I dont have transfers:credit card payment, I have either 'transfers' or 'credit card payment'. two seperate categories

Thanks for that @Kristine Mae  (is that the correct way to tag you?)

Can i ask another question in this thread or should I start a new one?  My question is, if I want to add some funds temporarily to ease cashflow from my savings as it were, do I categorise that as 'owner deposit'?

 

Thanks

@Kristine Mae wrote:

Let's get your questions sorted out, Allante666.

 

 

I'm just around if you have additional questions. You can tag me, and I'll reply to you as soon as I can. 

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Hi Allante666

Yes, you would categorise the transaction as an owner deposit.

ok understood. thank you. So, what categories would you suggest to differentiate between 'cost of good for resale' (I build guitar amp cabinets so this would be mainly wood and hardware used) and 'Consumables' such as screws, glue, small hand tools etc (Im taking consumables to mean pretty much anything that has a limited life but is not neccessarily going to be used on one particular job)

Hi Allante666

You can categorise these items as Cost of goods for resale. We must make you aware that we are not accountants and any advise should be an accountant or HMRC.

Hi. yes i do understand that, I just wanted to make sure I was on the right track. Thanks

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@John C wrote:

Hi Allante666

 

You can categorise these items as Cost of goods for resale. We must make you aware that we are not accountants and any advise should be an accountant or HMRC.

 

 

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