The Book-keepers Forum (BKF)

Post Info TOPIC: Business Mileage


Member

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Posts: 8
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Business Mileage
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Hi

Just a couple of questios I wondered if anyone could help with:

How would I post any business mileage payments onto Sage for a sole trader. I know that is paid at 40p/m but wasn't sure how to post this onto Sage.

Also the same goes for how I post for any allowance towards elec/gas for a sole trader operating from home.  I know the allowance is £3p/w but again not sure how to post this onto Sage.

Any help/advice would be appreciated!


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Fay


Senior Member

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Posts: 104
Date:
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Hi Maria,

I would post these as a journal. Debit motor expenses and credit funds introduced. For use of home as office you may need to set up a new nominal account. Then debit this account and credit funds introduced.

Fay



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