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Edward asked a question in FreeAgent Central on February 19, 2010 13:32:
a question regarding how to categorize and expense when that type or description is not in the FreeAgent expense category drop down menuThis is a question regarding how to categorize and expense when that type or description is not in the FreeAgent expense category drop down menu.
For example, my work is in the performing arts. I attend theatre performances and film screenings to evaluate a company or actors I am interested in working with.
Right now, for lack of a better category, in my FreeAgent expense listing, I am putting that under “Staff Training”.
Is there a guide for fitting in a variety of business expenses into the categories offered under FreeAgent expense headings?
Edward asked a question in FreeAgent Central on February 05, 2010 12:56:
how "draw" payments from a personal account are reflected in the bank account transaction list.This is a question regarding how "draw" payments from a personal account are reflected in the bank account transaction list.
I set up the bank account, entered the starting balance, then recorded a few transactions. I wanted to make a draw payment and searched through Satisfaction but couldn't find the buttons that Roan and Ed advised, "You record Drawings by explaining the appropriate bank transactions (in the Banking section) as Money paid to user > Drawings."
I made a "draw" payment using "New Manual Bank Entry" and for type, selected "Money Out: Other Money Out" and under Category, I believe I chose "Realized Currency Exchange Gain/Loss"
Now the transaction has disappeared! Under bank account summary, it shows the balance reflecting this payment, but under the account detail and transaction list, it shows a different balance - as if it never took place.
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