Expense with element of private use

Please can you clarify for me how I account for input VAT which can not be recovered in full on expenses which include an element of private use?

Posted by Nicola Jones on Sep 7, 2009 9:51 PM BST

Hi Nicola,

You will need to split the amount paid and record two separate transactions:

1. A business expense as described here:
   http://www.solaraccounts.co.uk/help/how-to-record-an-expense.php

2. A non-business payment as described here:
   http://www.solaraccounts.co.uk/help/how-to-record-non-business-payments.php

Cheers,

Posted by Mark McLaren (Solar Accounts) on Sep 8, 2009 9:57 AM BST