Apportioning private and business use on an invoice
Question asked by Audley Archdale 6 months ago
Hello I'm new to CB and I'm struggling a bit regarding the apportioning of private and business use on a mobile phone invoice. I have five phones on a contract in the business name which is a LTD Co. One phone is purely for personal use and i would like to keep it on the contract for simplicity in dealing with the phone supplier. The invoices are paid in full by DD from the business current account. I have a DLA already in use.
I have an account code "Telephone" in which i can apportion the four business phones with the VAT. I presume i need to add a second line on the purchase bill for the personal phone which will be excluded from VAT - what would be the best account code to use for this?
How do i then reconcile between the DLA and the current account in order to reduce the DLA balance?
I guess i could just invoice myself for the personal phone and pay it from the DLA but i feel there must be a better way.
Thanks in advance.