Question asked by Stuart Feltham 11 years ago
Such a simple question but using google just gets me endless pages on the fixed rate mileage method.
Ltd. company who owns van in Ltd name outright.
Which account codes (i.e Travel. General Admin Mileage. etc...) do I need to use for
thanks!
Create a new code called Motoring Costs.
For some reason the default template doesn't come with it.
Best answer...or I could just create a new code! ;)
OK, I assumed those codes were the 10 (or so) pillars of accounting and anyone making a new one would have to have a VERY good reason. Or not so it seems!
Motoring costs is a pretty standard code, I've got no idea why it's not in there to begin with.
Just to check it's OK to mix fuel, MOTs, TAX etc... under that one code? As I say I'm not using simplified mileage allowances and there is no personal use.
I've got a bit ahead of myself and created another for Vehicle Parts (other than servicing), as an older van I'd like to track it more than anything.
And ultimately it's still under the 'Travel' group.
Thanks for your help!
Yes, all fine under motoring, that's where is expect to see them.
I'm not personally a big fan of lots of additional codes but if the 'repairs' one helps you then it's no problem, your accountant will just merge the two together (motoring + repairs) come y/e for reporting purposes.
Great, I will let them know what I've done then as I don't want to make things more difficult. Thanks again :)
You must 