Dear all, i am just purchase this application, already search the disccussion forum but didnt find any result about how to book to an fixed asset account, what about depreciation?
Thanks for your help.
Fixed Asset & Depreciation
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#1 Posted by Ray on 25 Dec, 2011 12:08 PM
And also, how to put a depreciation expense account which is not included at cash flow statement? If i create a regular account at P&L (direct expenses), then the amount will be count at cash flow statement.
#2 Posted by Admin Support staff on 28 Dec, 2011 04:15 PM
Yes, the amount is included in the cash flow statement, as I think it should. Search Google for "depreciation cash flow analysis" and see what it turns up.
Happy New Year,
Mathew
Admin closed this discussion on 28 Dec, 2011 04:15 PM.
Ray re-opened this discussion on 31 Dec, 2011 02:04 AM
#3 Posted by Ray on 31 Dec, 2011 02:04 AM
Purchase of fixed asset is included at cash flow statement at investing section.
Depreciation expense is showed as expense at income statement (correct), but as it was a "non cash expense" it should be add back at cash flow statement. For example, if you have net income $1000 and depreciation expense $50, then the cash flow from operation has to be $950. And there is no movement at investing activity to balance the account. I am aware that this is just a presentation issue but all of us want to have a correct statement right? Not only a balanced amount. :)
Happy new year :)
Admin closed this discussion on 13 Mar, 2012 09:32 AM.