Split an entry between business and personal

Some costs are partly business and partly personal, such as a phone bill or rent when you work from home. A split keeps only the business part in your business totals.

1. Tap the entry in Money, then tap Split.
2. Tap 50/50, 70/30 or 80/20, or type £ or % in a part. The last part takes the rest.
3. For each part, choose Business or Personal and check the category.
4. Check the total line, for example "£288 Business · £288 Personal".
5. Tap Save split.

The personal part goes to Personal - Not Deductible. For a limited company, a personal part paid by the company goes on the director’s loan account.

The business share has to be fair and you need to be able to show how you worked it out. Check the share with your accountant.