Since I'm without an accountant right now, and trying to redo my books. Can someone please tell me in which set of books should I log my pertrol & diesel purchases? FNB Accounting has the entries unmarked.
In XERO accounts, I have a "Motor Vehicle Expenses" "set of books" / "chart of accounts" (I know Quickooks use the term chart of accounts).
I presume the "Motor Vehicle Expenses" chart of accounts is for services, tires, etc. Or can I use this?
Or, is the norm to create a new set of books, for example "fuel purchases" or "fuel usage", or something like that? I couldn't find anything on this topic, on the internet.