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Other Questions
Rea_M
Thanks for your reply. I already know how to track mileage and create new accounts. My question is how to bring in my mileage allowance, which this year is £3,510 (ie 7800 miles @ 45p per mile ) so it shows on my profit and loss report. I need to enter that £3510 as an allowance against my profit. It's not something that, as far as I see, can be entered as an expense because I haven't spent that amount ie. It hasn't come out of a cash or bank account. The same applies to my working from home allowance which this year will be £312. Again I am not spending this money, it is an allowance that HMRC allows me to claim against tax.
As far as I am aware the self employed version of QB does facilitate the addition of these HMRC allowances but QB online doesn't. Am I correct ?
We do not use an accountant as our affairs are very basic. It would be useful if QB could explain how to enter these figures into QB.
Thanks again for your reply