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sole trader salary
I'm no doubt missing the bleeding obvious but as a sole trader can you tell me how to show monthly drawings for salary?
Loving FreeAgent by the way, it's making my work life a lot less complicated.
Thanks
Loving FreeAgent by the way, it's making my work life a lot less complicated.
Thanks
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Hi Gradualist,
What type of bank account are you trying to explain the transaction from? If it's a personal account then you won't be able to see Money Paid to User as an option.
It needs to be defined as a business account.
The company says
this answers the question
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Dan,
Select 'Money Paid to User' instead of 'Payment' when explaining your transaction.
Choose 'Drawings' as the Reason.
That should do it. Let me know if that works ok for you.
The company and 1 other person say
this answers the question
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Inappropriate?Dan,
Select 'Money Paid to User' instead of 'Payment' when explaining your transaction.
Choose 'Drawings' as the Reason.
That should do it. Let me know if that works ok for you.
The company and 1 other person say
this answers the question
1 Comment Add a comment
This answers the question
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This is good, but if I add a business account, and a personal account, and upload statements for both, then if I have used an internal mechanism to transfer money from one account to another, it appears automatically as a transfer on the balance sheet, whereas it needs to be "payment to a user".
Is there a way to undo that, or automate the change? I have 100's of lines of "transfer" that should be "drawings" :( -
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Inappropriate?Okay I'm still missing something... I don't see any option 'Money Paid to User' when I try to explain a transaction and select the Type drop-down. (I'm also trying to find a way of showing my drawings.)
I’m lost
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Inappropriate?Hi again,
I'm still completely missing the option to select Money Paid to User when trying to explain my drawings. Please help!
I’m starting to look bothered
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Inappropriate?Hi Gradualist,
What type of bank account are you trying to explain the transaction from? If it's a personal account then you won't be able to see Money Paid to User as an option.
It needs to be defined as a business account.
The company says
this answers the question
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Inappropriate?Hi Roan, thanks for your response - I just figured this one out by looking at the demo account and then searching for "money paid to user" on here. Only after that did I see you responded! (Ah ha, I've now found the email notification of yr response in my junk box!)
My account is defined as a personal account - don't have a biz one set up yet. Need to sort this out as it makes it confusing looking at accounts because it shows my entire bank balance, and not just the balance of those transactions which I have explained, as I had expected it to.
I’m glad to have found the answer
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