How do you show pension contributions for a sole trader? I am not sure which 'account' to put it under. ie would it be owners capital?
Hi Paul,
Pension contributions are not a business expense, so you should allocate to the 'Owners Drawings and Personal Use' account. See this page for more details:
http://www.solaraccounts.co.uk/help/how-to-record-non-business-payments.php
Cheers,
