cancel
Showing results for 
Search instead for 
Did you mean: 

Reply to message

View discussion in a popup

Replying to:
dpic44
Level 4

Income from Leased Machinery/Equipment

Income from Leased Machinery/Equipment

 

How do you set up income from leased machinery/equipment?  I assume you need a fixed asset account for Leased or Rented Equipment, an income account, and an item for the invoice.  I also assume the equipment would be depreciated.  There will be a buyout at the end for the customer.

 

Just want to check if this is correct and what entries to make.

 

Thank you!

Solved

Need to get in touch?

Contact us