I have this set up in money with a Business Expense for standard mileage. I have it tied to Schedule C as I do also my income group for gross receipts. My question is what do I do with the other half of the Expense (MS is double entry although it tries to hide it). I created an income account called Travel Allowance and made it Tax-Exempt. But this doesn't seem quite right. What is the standard accountant's way of handling this?
I am sure this is better handled in the Business and Home version but I am new to this and my gross receipts are not yet gross enough to move up. Any suggestions appreciated. I like learning this kind of stuff. Thanks.