.svg){kind=small}
Hi! How do you enter fixed monthly expenses such as pension savings and credit costs? Do you have to do this manually every time?
Hi! How do you enter fixed monthly expenses such as pension savings and credit costs? Do you have to do this manually every time?
Yep, manually every time :)
But pension savings aren't for your accounts, they're private. Those pension savings you can make for £990 a year, right?
It's tax-deductible pension savings for entrepreneurs, so I thought I could enter it.
I've also started pension savings through my business account... can this ultimately be entered? (sole trader in secondary occupation)
But it doesn't really matter which account you pay it from. The important thing is whether or not it is a financial product for your business.
If it is tax-deductible pension savings for entrepreneurs, then yes, it will be possible to enter it in the accounts. But as a sole proprietor in a secondary occupation, I don't immediately see how you could also save for your business pension :)
But then again, I don't know every financial product out there, of course. Perhaps it's best to question your bank?
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.