Hi @paul72
Thanks for your reply. I do appreciate it. However i'm not sure that what you have said applies to us. I do take your point about the limitations of QBO.
For 25 years now my wife and I have been in a small business partnership and every year we file a paper partnership tax return. The figures entered into the partnership tax return are as follows . Turnover, expenses and profit ...that's all. Included with the allowable expenses are the simplified expenses that we claim. These are the mileage allowance (miles X 45p) and our working from home allowance . Together they form the total expenses claimed. At the end of the partnership tax return we declare both partners share of the business profit. It's those figures that are declared on our personal tax returns that we both submit later in the year. But the allowances are applied to the partnership return, not our personal tax account.
Until using quickbooks this year I used a spreadsheet to enter everything and the years trading figures with no problem. Quickbooks online is a much quicker and more reliable way to keep our accounts up to date and everything else has been great. But... I was sold QBO as a solution that was 'making tax digital ready for a partnership. I would argue that it isn't because for us there seems no way, or at least QBO help has not been able to show me a way, to incorporate these business allowances into our annual accounts.
Quickbooks online help can only tell me to get my accountant to show me a workaround to this issue. I don't use an accountant and anyway I think that QBO should explain how to do this workaround seeing as it's their program i'm using.
I'm not the only one to have asked about this and i see no answers as of yet. But thanks again for your help.
