Could any one assist in setting up an account to hold premium bonds,
I not sure how to categorise them and get them to show up on the balance sheet
Consider using Special Accounts, setting up the control account somewhere in the Assets group. Make the individual bonds the special accounts. See the Guide: Use special accounts | Manager.
Thanks for the special accounts advice.
Would you put them as an asset or into equity
Thasnks
Read my previous answer. They are assets, because they have the potential to produce future income. They are not an investment of capital in your business. Their purchase consumed capital invested in your business. So they are very much like inventory.
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