own drawing
Question asked by Wun King Poon 1 month ago
Do we need to record every transaction in the bank, even our own drawing?
Hi Wun,
If you are just manually entering income and expenses, then anything not allowable like Drawings, is not required to be inputted. You can view the HMRC guidance below on the records you will need to keep digitally: https://www.gov.uk/guidance/use-making-tax-digital-for-income-tax/create-digital-records
Tommy
Best answer
You must 