Reply To: Simplified expenses if you’re self-employed

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November 27, 2022 at 10:20 am #796
tao.alice.sheng
Keymaster

    Bills: Gas and Electricity
    I rent a three-bedroom house and work from home most of the time, so I calculate my gas and electricity bills according to the room numbers.
    My gas and electricity bills each month are £117.62
    If I calculate based on time spent, it will be £26 per month
    If I calculate based on room numbers, it will be £39.2 per month
    So my bookkeeping will be
    Category: Expenses, Subcategory: Bills: Gas and Electricity, Account Type: Business, Value: £39.2
    Category: Expenses, Subcategory: Bills: Gas and Electricity, Account Type: personal, Value: £78.42