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How should I record a equipment purchase (table saw) that I made on a credit card? I have the credit card set up in QB already and recorded the purchase there but should I set up a fixed asset account as well?
A table saw should be a fixed asset, create the fixed asset account for the table saw
then edit the transaction in the CC and change what ever account you used, to the table saw fixed asset account.
Buying a fixed asset is not an expense. Though at tax time your tax guy might choose to fully depreciate the purchase, but that is a tax time decision