Entering some receipts for tools for my business. Mixture of software and hardware as my business does software tuning for vehicles. How would you see these fitting in to the nominal account categories please?
Hello Yorkshire_Remaps, You could look at tangible assets>macinery and equipment as an option within the nominal account categories to record the purchase of software/hardware for the business. You may want to confirm that with an accountant.
Hello Yorkshire_Remaps, You could look at tangible assets>macinery and equipment as an option within the nominal account categories to record the purchase of software/hardware for the business. You may want to confirm that with an accountant.
Actually I'll amend that. I can see computer additions at cost which in the detail also says Machinery and equipment but seems a bit confusing to be honest.
Hi Jason, the Account Type is the key factor in terms of the reporting of normal accounts, the Detail Type is less specific whereby you can just choose the best fit. :)
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