Level 3

Other Questions

If you don't have an account for subsistence create one using chart of accounts as an expense.


If you are reimbursing yourself with a specific payment bank/or cash then post this payment to that account.


If you're incurring these costs from your own pocket the you can pretend to write a cheque for £0, with say as an example £200 to subsistence and then -£200 to drawings.


You could also set up a petty cash account to record these and at then end of the year transfer the balance on this account to drawings assuming you've no cash in hand.