Apportioning of costs – Free Online Small Business Accounting Software Questions & Answers
Anyone know of a good way to do this?
My example is this – I fill up my commercial vehicle with diesel and pay for it with my business debit card. Revenue allow me to claim SOME of this amount back, and it differs from person to person (my accountant advises me to claim 70%, but the % is not the issue). When I enter the receipt into Bullet, and tie it with the account transaction, how can I apportion only that percentage to my business – and importantly only claim that amount of VAT?
This will also apply to many people’s mobile phone bill, domestic rent, and domestic bills (if they work from home sometimes).
Any thoughts Bullet community?