Tracking personal expenses

Michael_Bucher

Hi,

What is the best way to organize those things that are "personal expenses." I'm a yoga teacher and self employed... Should I make a catagory called "personal" for those items or split items that fall into the personal catagory?

Thanks for your help.

Mike

Ted Harris

Hi @Michael_Bucher, if you're simply looking to separate your Personal expenses, (be they self-employed business or just for your own personal taxes) from other expenses you might have had at a previous or current job role within a larger organisation, you should ideally use your individual Personal Policy for that!

Within your individual Personal Policy, you'll see the ability to create as many Categories and Tags as you like:

I'd also advise checking out our Self-Employed Webinar for Sole Proprietors, Freelancers and Contractors. You can register for that here!

Michael_Bucher

Thanks Ted,

For some reason, when I'm trying to categorize expenses under my personal policy... it won't let me select the personal... like i'm locked out of it... Do I have to enable something to have access to both my business and personal? Am I missing something here? Thanks for your help!

Mike

Rachael Hopkins

Hi @Michael_Bucher - it's the Report which is associated with the Policy rather than the expense directly!

You'll need to create a new report on your Personal Policy then add the expenses to it!