Recent content by beetle27

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    Question about Drawings/wage?

    Thank you for your reply. So the drawings that I pay to myself as my 'wage' is not to be included in the incomings or outgoings that I will list on my tax return? Initially I hadn't known and thought it was to go on outgoings to will need to change this. Just want to make sure I get everything...
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    Question about Drawings/wage?

    Hi, I am a sole trader with a small handmade card business from home. I'm still very new to all of this and try to keep it as simple as possible. I do my own accounts but just struggling with the wage part. I know as I am the business it is classed as 'Drawings' but I'm unsure where this goes...
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    Is my wage classed as an expense or not?

    Hi all, I have a small ebay business that I run alone. I was just wondering if the wage that I pay myself is classed an an expense or not? I read somewhere that it is but have just read on another site that if I paid someone else a wage that it would be an expense but my own wage isn't...
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    Business expense or Fixed asset?

    Hi all, just want to ask a quick question about business expenses and fixed assets. I have a small craft business which I need my printer for. It's new and cost around £100, would this be an expense or an asset? I read somewhere that somebody only classes an asset as something over £300? Also...
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    Start-up bookkeeping help needed for owner investment

    Hi, I have started a small Ebay business selling handmade cards and have just become self employed. I started buying all the things I would need from December such as a printer, card, ink etc and kept all of the receipts and set up a basic bookkeeping account on excel. The part I'm confused...
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