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I am attending coaching sessions with someone to support me in running my own company. Under which cost item should I record this?
Is “consultancy fees & consultancy” a good cost item?
Or rather under “training”?
I am attending coaching sessions with someone to support me in running my own company. Under which cost item should I record this?
Is “consultancy fees & consultancy” a good cost item?
Or rather under “training”?
Actually, the choice of a cost category does not matter very much (as long as the professional use percentage is correct and the choice between goods or services is correct). But in the case of your coaching sessions, it is 100% professional and a service, regardless of whether you choose "fees & consultancy" or "training".
Be sure to watch the video in the learning center, "which cost category should I choose".
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.