Enter a Capital Asset

Back Top Previous Next

To enter a company asset, ie plant and equipment, vehicle, etc. into the accounts, it is entered as an expense order. When choosing the account code, if the relevant Asset account is not in the drop down list, go to the general ledger and choose from one of the Fixed Assets, or add a new account:

 

Fixedassets

 

Double click on the account and ensure that it is ticked as an Expense PO Account with a Default Tax Code C (Capital Acquisition).

 

Proceed to entering it as an Expense order using Tax Code C.

 

Further information

Accounts Security

Account Inquiry

Clear the Historical Balancing Account

Credit Cards

Creditors

Debtors

Advanced Creditors

Suggested End Of Month Procedures

End of Financial Year

Enter Child Support Payments

Enter Government Support Payments

Purchase a Capital Asset Under Finance

General Journals

General Ledger

GST Sessions and the BAS

Handle Paypal (and Similar)

Multicurrency Revaluations

Record Debtors/Creditors Contras

Rounding Issues

Sell a Company Asset

Set up a Loan Account

ATO Reportable Sub-Contractor Payments

Share Utility Expenses with other Businesses

Transaction Journal

Understanding Debits and Credits

Use Debtors and Creditors Adjustments

Recover Bad Debts

Withhold Tax

Write off a Bad Debt

Write off Fixed Asset

Work with Tax Codes in Jim2