business expense classifications

Question asked by Adam Hill 2 weeks ago

can you change classification options for business expenses within your software or will all your existing categories suffice for the end of year tax form SA103f?

for example classifying the monthly cost of payment card machine as banks fees as its not really an operating lease that Clearbooks suggests or putting waste disposal as waste disposal rather than the only relevant available category as 'cleaning'

1 Reply

Hi Adam,

The MTD basic plans provides a default list of account codes designed to cover standard business expenses. However, you are not restricted to these and can create your own custom categories by heading to Settings > Account codes > Create account code.

Tommy

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