Hi There, I find it challenging to categorize the payments done or received to and from my business bank account. For example, I paid VAT to SARS - how do you categorise this accurately? It does not accept "vat payable" as an expense with a zero-rated tax selection. Please advise.
How would I categorise telephone expenses? will it be office expenses or dues & subscriptions?
Is there any training available for going through the categorizations and tax selections?
