Use of home as office

Hi Mark

How do I record use of my home as an office in Solar? I have created an expense account called "Use of home as office".

I am self-employed, so ultimately want to a) record this amount as an expense to the above account; and b) make a transfer from the Cheque Account to Owner's Drawings to this amount.

Thanks
Greg

Posted by Greg Bolshaw on Sep 8, 2011 8:24 PM BST

Hi Greg,

I take it you are making a withdrawal from the business bank account for the value of the expense. In that case there is no need to affect the Owner's Drawings account. Just record a General Transaction from the Cheque Account to the 'Use of Home as Office' expense account.

Regards,

Posted by Mark McLaren (Solar Accounts) on Sep 9, 2011 9:03 AM BST