Claiming a % of a transaction as allowable

UK Monzo Chat Business Banking
1

Hi, new to Monzo and really loving the app so far. As a sole trader its saving me a lot of time.

I claim my actual expenses for my work van rather than mileage allowance. So I have always claimed 80% of the running costs. In my previous accounting app, all transactions were manually entered, so it was no problem to upload a receipt, calculate 80% of it and enter that figure as my expense.

I can’t see any way to do that in Monzo. The only workaround I can think of would be to pay those expenses from my personal account, then manually enter each expense at 80% of the value of the receipt.

Or is there some way to do this in the Monzo app that I’m missing? If not, is there any chance this percentage function might appear in any future update?

Thanks

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Ah found it! Split expense :+1:

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Yay

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It looks like you’ve already found how to split a transaction!

For anyone else that sees this thread and wants to do something similar we have a guide on how to do that here: How do I split a transaction in Monzo’s Making Tax Digital submission tool?

Here’s a quick gif showing what that looks like in app:
can-van-split

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