Add to assets

I have purchased a sewing machine for my business how do I record it as an asset? As the drop down bar menu does not have a suitable group for this purchase and I cannot add a new line?

  1. There are two account categories for this:

    • Other assets and liabilities - record current asset (most liquid) values.
    • Fixed asset - record fixed assets (least liquid such as buildings).

    I would suggest a sewing machine would be best in the first category as it could be sold quickly and easily, but of course it's up to you to make that choice!

    All the best

  2. Admin closed this discussion on 20 Feb, 2013 12:57 PM.

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