Hi Everyone,
I have a partnership, we need to record fuel at the .45p per mile,
We pay all our fuel personally and haven't been that great at recording it but luckily the MOT Mileage is within a week of our financial year so we are going to work out a % to use.
I understand we need to do a journal Debiting fuel costs but what account do we Credit? And do we need to split per partner 50/50?
The same for our mobile bills, one is used way more than the other so we were going to split 70/30
Thanks