I've just got FreeAgent, and have been spending the past few days uploading my data and getting to grips with it. I travel for work a lot, and have entered all my receipts/expenses ok, but wondering what the best way of allowing for the Per Diem £25 overnight allowance is on FreeAgent?
Note that I'm only talking about the allowance as per EIM30240, which my Ltd can reflect rather than individually accounting for meals receipts, not anything that is charged to client.
I had thought, either creating a new Expense category, called 'Overnight Per Diem', and then adding them that way. Alternatively, I could bypass the Expenses section altogether, and just allow for it by way of a 'Payment' explanation under the bank transactions (again using the new Overnight Per Diem category).
Anyone got suggestion of the best approach?
Ta
Note that I'm only talking about the allowance as per EIM30240, which my Ltd can reflect rather than individually accounting for meals receipts, not anything that is charged to client.
I had thought, either creating a new Expense category, called 'Overnight Per Diem', and then adding them that way. Alternatively, I could bypass the Expenses section altogether, and just allow for it by way of a 'Payment' explanation under the bank transactions (again using the new Overnight Per Diem category).
Anyone got suggestion of the best approach?
Ta
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