Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Dear Sir/Madam,
I work in the construction sector and am unsure which category to place my expenses from electric tools in. Or can I create my own cost category for this? I am not entirely sure how to determine the percentages when creating a new category.
Thanks in advance.
Regards, Niels
Hello Niels,
You are welcome to create a new category. The existing cost categories are fully customisable. If you only use your electric tools for business purposes, you can set the business percentage to 100%. If you sometimes use them for business and sometimes for personal use, it could be 50%, for example.
If these are more expensive purchases that will last for a longer period of time, you can enter them under 'investment'. For example, if you depreciate over 5 years, 1/5 of the purchase price will be entered as a cost in accounts each year.
Kind regards,
Louise
www.ticenits.be
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.
