Forum Message

Using cash accounts

Do I need to use a cash account at all? If I log my business cash expenses during a period and then, say at the end of the month, do a Money Out transaction, write a cheque to myself from the business cheque account and then break down the total cash expenditure into various expenses categories, would that work? If so, could I pay myself business mileage expenses in the same way using the same Money Out transaction? I only have minimal cash expenses anyway, so I can see that this would save me a lot of time (if you think it would work).

Many thanks for your help and the amazing speed of response in developing the recent bug fix!

Adam


Posted by Adam Robertson on May 1, 2009 9:43 AM BST

Hi Adam,

Yes that's fine- you can group the payments into one transaction as you describe (including mileage payments which are under the maximum approved milage allowance).

Glad to hear you like our support too!

Cheers,


Posted by Mark McLaren (Solar Accounts) on May 1, 2009 10:06 AM BST