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Mileage allowance

Hi,
I keep track of miles for each job and total them up to the tax year end then claim the mikeage allowance. ie First 10000 miles @ 45p then 25p per mile after. Any way this could be incorporated into the solar accounting system?


Posted by Ian Duff on Feb 27, 2012 12:16 PM GMT

Hi Ian,

We'll note your suggestion about having Solar Accounts keep track of mileage. As it stands, you will need to calculate the amount yourself then record a Money Paid Out transaction allocated to the 'Motor Expenses' account. If you are self-employed then set the Paid From Account to 'Owners Drawings and Personal Use'.

Regards,


Posted by Mark McLaren (Solar Accounts) on Feb 27, 2012 12:35 PM GMT