What category should I use to record finance payments on a tangible asset? It's zero interest over 24 months.
create the fixed asset account, create a long term liability account, use the register for the liability account and as a new entry, make it an increase in the amount borrowed, and the expense is the fixed asset account
payments use the liability account as the expense (reason) for the payment
What category should I use to record finance payments on a tangible asset? It's zero interest over 24 months.
create the fixed asset account, create a long term liability account, use the register for the liability account and as a new entry, make it an increase in the amount borrowed, and the expense is the fixed asset account
payments use the liability account as the expense (reason) for the payment
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