Manually put income and expenses

Question asked by Julie shaw 3 months ago

Hi

I like to use clear books by manually put in income and expenses. What does the account code mean please? Is it a ref of an invoice?

Thank you

Julie

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2 Replies

Hi Julie,

The account code is used to categorise and track financial transactions, you should select the most relevant account code to the transaction. For example, income is usually coded to Revenue, which will then be included as income on the MTD return. However, I am not a qualified accountant, so would advise double checking with an accountant if you are unsure.

We have a comprehensive library of resources to help you get the most out of your account, please see: here

Tommy

3 months ago

Hi Tommy,

Thank you for the reply. Yes I understand it now.

Thank you

Julie

3 months ago

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