My wage category

Desden · ‎March 07, 2019

As a sole trader, I use my bank for bot business and personal spending. After down

loading my bank statements, what do you suggest I categorise my spending as so they don't show up as expenses and on my VAT record.

Many thanks

Des

JamesC · ‎March 07, 2019

Hi Des,

Looking over the conversation, i think it's just a bit of confusion on our part over the package you are using.

You will not mark as Personal, in the package you have (Which IS our online package, not our self employed one) - This package is the correct package for VAT tracking and submissions to hmrc for VAT, over "Self Assessment" (SA103F) creation.

You can batch select any transactions you don't want to include because they are your personal transactions, or non-business transactions, by ticking each one. Scroll to the top of the list to use "Batch Actions", and then "Exclude". Ignore the terminology Personal, you won't see it in your account. You'll exclude, and achieve the same outcome.

View solution in original post

TaliaI · ‎March 07, 2019

Hello Des,

You can tick the box on the left hand side of the transaction and click 'mark as personal' so the transactions do not show on your VAT record.

Thanks,

Talia

Desden · ‎March 07, 2019

Hi Talia,

Many thanks for taking the time to respond.

I have downloaded my first set of bank statements and going through them to categorise.

I cant find the 'mark as personal' box. Am I in the wrong place or doing it the wrong way.

Des

TaliaI · ‎March 07, 2019

Hello Des,

This will only show if the transaction is ticked on the left hand side - have you ticked the personal transactions?

Thanks,

Talia

Desden · ‎March 07, 2019

Hi,

Does the attached help.

Many thanks,

des

TaliaI · ‎March 07, 2019

Hello Des,

Apologies, I thought you were using our Self Employed product. In the Online product you are using, you will need to tick the transaction, scroll to the top and select Batch actions, then Exclude selected. This will remove the transaction completely from your records, however there is no way to mark them as personal in the product you are currently using.

Thanks,

Talia

Desden · ‎March 07, 2019

Hi,

So if I am self employed as a sole trader, VAT registered so I need this package for MTD, How do i register what I pay myself. Do I set up something under my name.

Loving the product but can't get over this problem.

So thankful for you help.

Des

JamesC · ‎March 07, 2019

Hi Des,

Looking over the conversation, i think it's just a bit of confusion on our part over the package you are using.

You will not mark as Personal, in the package you have (Which IS our online package, not our self employed one) - This package is the correct package for VAT tracking and submissions to hmrc for VAT, over "Self Assessment" (SA103F) creation.

You can batch select any transactions you don't want to include because they are your personal transactions, or non-business transactions, by ticking each one. Scroll to the top of the list to use "Batch Actions", and then "Exclude". Ignore the terminology Personal, you won't see it in your account. You'll exclude, and achieve the same outcome.

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