Question: Please advise how can we separate 100 % business expenses to (80% business and 20% private use).
Answer; If by using the Import function of LodgeiT, please separate the accounts for business use and personal use and reimport again. Then check on the mapping to indicate if the expense is for personal or business.
If via LodgeiT depreciation tools, record it separately
Create a set of
Group Asset and Asset
Business as 80%
Other as Private 20%
Tax Form -
While, the 80% via "Business" > Depreciation
If No Business, set up as follows