I started using AccountsPortal (after reading another thread about cloud accounting) at the start of the tax year as my existing spread sheet based accounts package was becoming too time consuming.
Ive got to grips with it, i think! one thing that im not sure of is how to correctly enter a payment from my business account to a personal account, obviously this is the money im paying my self as wages and so is simply money moving from one account to another as far as income tax is concerned. However the software seems to want to list it as a payment which would imply ive purchased something which is tax deductable.
My previous basic software had the ability to show this sort of transaction as personal drawings or wages. Im sure Accountsportal can as well im just not sure what to list it under so the program, and the tax man sees it correctly! I think i can do it as a journal entry but i make the same payment every week and was hoping to automate it which you can with a payment but not a journal.
Any one have the faintest idea what im on about?!!
Issues now sorted via the Accountsportal help desk, someone on their team saw my post on LJN and sent me an email with some info, which didnt solve my exact problem but has since been clarified in further communications.
So, for information if anyones interested in trying the software, its easy to use and the support has been very helpful and effecient ;-)