Hello, I hope someone can advise. Having used Sage for many many years I have decided I need to catch up with the world. FreeAgent has caught my eye and I am trying to make it work for me and my business.
I own and run a hotel business. In Sage I have Nominal codes set up which work for me and my accountant. I cannot find what I believe are suitable equivalents in FreeAgent. Im not an accountant and those bits go over my head.
As an example I have a Sage nominal code 7102 - Business/Water Rates/Waste, similarly 7200 - Electricity/Gas, In Sage these are grouped under the 'Overheads' category. In FreeAgent do I put them in 'Cost of Sales' or 'Admin Expenses' Categories.