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1 reply

carolineambrozio
carolineambrozio
June 22, 2021

Hi @gatzke_admin, 

 

I'd be happy to point you in the right direction.


Generally speaking yes, How it's classified and with useful life it depends on the signage. For this reason, it's best to reach out to your accountant to make sure you use the appropriate type of asset, as they are trained on how to do this. If you don't have an accountant no need to worry, we can help. You can go to My Accountant>Find a pro to help to find an accountant in your area.

If you have any questions please feel free to reach out and let us know. We'd be happy to help.

T
Tammy_H
June 22, 2021

Hi gatzke_admin,

 

Knowing how to record assets is a large part of record keeping. Carolineambrozio has provided some good advice. I want to share a couple of articles that explain how to set up the account and explain what the terms mean if you'd like to review them: 

If you require any further assistance, reach back out. Have a magnificent evening!

    G
    gatzke_adminAuthor
    June 23, 2021

    Thank you for your help!  I have one more question.  Do I enter value with or without taxes? And do I put taxes in the chart of accounts under default tax code?

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