Forum Discussion

rocko81's avatar
rocko81
Contributing User
6 years ago

Business paying rent.

Hello,   My business is paying rent for our office to a Family Trust (not ours). I need to know what to set the card up to to show this. Are they are supplier or customer or personal?  I have tra...
  • bungy15's avatar
    bungy15
    6 years ago

    Hi rocko81 

     

    The family trust is a supplier because you are paying them and it is a business expense.

     

    You could set up a recurring Spend Money transaction. Or if they invoice you monthly, you could set up a recurring Purchase transaction to keep track of the invoices and record a Pay Bills transaction when you pay the invoice.

     

    Cheers

    Tracey

bungy15's avatar
bungy15
Ultimate Cover User
6 years ago

Hi rocko81 

 

The family trust is a supplier because you are paying them and it is a business expense.

 

You could set up a recurring Spend Money transaction. Or if they invoice you monthly, you could set up a recurring Purchase transaction to keep track of the invoices and record a Pay Bills transaction when you pay the invoice.

 

Cheers

Tracey

  • rocko81's avatar
    rocko81
    Contributing User
    6 years ago

    Great, Thank you. I was so confused.

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