entered into a lease/option \ to buy contract on a piece of equipment in 2015, the contract will mature in 2018, at that time we can purchase via cash or a equipment loan, and purchase the piece of equipment, returen the piece of equipment, or continue to lease the piece of equipment. So how do i go about setting that up inQB. Starting the Company up in as a "New Company" the current"company is so messed up, want to enter everything manually, and correctly, help please
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It seems you had a Capital Lease, not an Operating lease. Your CPA can help you deal with the issues of "expensed already."