Hello,
I just wanna know how to post a business lunch receipt in a right way.
First of all I would enter the whole amount into Sage.
For example: Meal $ 20 and Gst $1 / Bank acocunt $ 21
But I am not sure which account number I can use for the deduction?
Can I always deduct 50 % of the whole amount?
Is there something special I should know about posting things like that for a Limited?
What it better ... post deductions month by month or at the end of the year?
I hope somebody can help me .... Thank you in advance. Chris