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SClarke1982
Level 1

In Canada, should a horse be recorded as an asset?

How would you classify a horse in a business, as an asset or? The business uses the horse as part of therapy, the business is a therapy type business. This business is in Canada.

2 Comments 2
JamesM4
QuickBooks Team

In Canada, should a horse be recorded as an asset?

SClarke1982,

 

Welcome to the Community. QuickBooks enables you to get your work done faster using the powerful features offered in the program. I'll be glad to share more info so you're on the right track with your work. 

 

It's vital your transactions are recorded the right way so your books remain accurate. I recommend consulting an accounting specialist for expert advice. This ensures your entries are recorded in a way that allows for you to navigate the program with peace of mind. You can get in touch with an accounting professional using this link here. Other accounting professionals are able to see this post in the Community and this will allow them to chime in. 

 

Let me know if this info helps. I'll be here. 

JamesM4
QuickBooks Team

In Canada, should a horse be recorded as an asset?

SClarke1982,

 

Welcome to the Community. QuickBooks enables you to get your work done faster using the powerful features offered in the program. I'll be glad to share more info so you're on the right track with your work. 

 

It's vital your transactions are recorded the right way so your books remain accurate. I recommend consulting an accounting specialist for expert advice. This ensures your entries are recorded in a way that allows for you to navigate the program with peace of mind. You can get in touch with an accounting professional using this link here. Other accounting professionals are able to see this post in the Community and this will allow them to chime in. 

 

Let me know if this info helps. I'll be here. 

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