2 years ago
SOLE TRADER
Hi everyone. Sorry I'll preface this with I'm not accounting minded at all.....
I've signed up recently for Business Lite. We are using a sole trader structure. The only available options for income allocation are company, partnership and unit trust. Pretty sure I stated sole trader on sign up.......I just went with company because I didn't think it would really matter, but now I have accounts such as PAYG which is not relevant, and it has a balance of $175 which I have no idea why?? I've not done any pay runs. Is that figure just from our sales this far??