officepres
Registered User
- Messages
- 31
I am a sole trader and I'm putting in my Form 11 for 2016 using ROS. I use wave accounting which generates any reports I need, P&L, balance Sheet, etc. It's a bit like Sage Accounting in that I input all my expenses, etc.
I was advised that since I run my business from home and use my personal car for business etc, that I can apportion heat, light and motor expenses. I pay these through the business with the intention of apportioning them at the EOY when I submit my Form 11 ( so if I spend 5000 on motor expenses during the year, I'd only put in the percentage used by the business, same with the other relevant items ).
The problem is that my accounting software has no built in solution for apportioning, so if I look at my P&L for instance, and at the motor expenses, it shows ALL of the motor expenses, not just the business portion.
My problem is if I do the apportioning ( say just using a calculator for instance ) and write down the adjusted figures and enter those apportioned figures into the form 11, then the problem is they will not match my P&L ( which would include the personal portion). If there was there a way to add the non apportioned figures into the form 11 ( so that the form worked the apportioning out ); then that would be great of course, but I expect not. The other solution I guess would be to develop a new (adjusted) P&L which was derived from the software's output, but with the apportionment done — but I am concerned in case this ends up looking manipulated because I think I've heard that it doesn't look good if you tamper with the output of the software, is that the case? Maybe that's what people have to do though?
I was wondering actually how sage accounting or the other software packages handle this - I did use Sage in the past for a few years. It was a long time ago, but I don't remember it having any facility for handling this.
Any suggestions or observations appreciated.
I was advised that since I run my business from home and use my personal car for business etc, that I can apportion heat, light and motor expenses. I pay these through the business with the intention of apportioning them at the EOY when I submit my Form 11 ( so if I spend 5000 on motor expenses during the year, I'd only put in the percentage used by the business, same with the other relevant items ).
The problem is that my accounting software has no built in solution for apportioning, so if I look at my P&L for instance, and at the motor expenses, it shows ALL of the motor expenses, not just the business portion.
My problem is if I do the apportioning ( say just using a calculator for instance ) and write down the adjusted figures and enter those apportioned figures into the form 11, then the problem is they will not match my P&L ( which would include the personal portion). If there was there a way to add the non apportioned figures into the form 11 ( so that the form worked the apportioning out ); then that would be great of course, but I expect not. The other solution I guess would be to develop a new (adjusted) P&L which was derived from the software's output, but with the apportionment done — but I am concerned in case this ends up looking manipulated because I think I've heard that it doesn't look good if you tamper with the output of the software, is that the case? Maybe that's what people have to do though?
I was wondering actually how sage accounting or the other software packages handle this - I did use Sage in the past for a few years. It was a long time ago, but I don't remember it having any facility for handling this.
Any suggestions or observations appreciated.
Last edited: