Apologies if this is basic, but the penny is not dropping on this one.
Payments on account, how are they treated for sole traders, please? I have been posting them to ‘drawings’ as it is the tax on previous profits but where I am getting confused is whether I should be including them at all or should I delete them from the banking as I do with personal expenses? It is a personal account, not business so more items are personal than business, mostly shopping and personal utility bills.
I mainly use drawings for personal expenses or to apportion a business expense with sole traders if it is a business bank account, but this is personal.
Now everything is digital; I am questioning everything.
I really appreciate any help you can provide.