I have been running the business for many years and it's simply the change in accounting software and GST registration.
most items entered in spend money sre 100% business
for petrol its a lower percentage. Usually I'd record this on a speadaheet however I know it's going to impact my BAS
for the purposes of this I assume I use the motor vehicle expenses and personal contributions wtih no tax code for the moment
Chris,
I gather you are a Sole Trader who has recently registered for GST.
The private % of a car is based on the Log Book.
A Tradesperson will normally have a lower private % than a Business Owner who works in an office.
The Motor Vehicle Expenses have a GST Code and Personal Drawings have a N-T code.
Note Registration does not have GST and MV Insurance may be part no GST (as per Tax Invoice).
Duncan
I understand the premise and it was more on how to record it
seems like I have to manually work out the work value enter it as the right code then the personal value as the N-T
