What category do I associate the expenses for buying vending machines when I first started my business? Is it [Startup & Organizational costs] or is it [Tools, Machinery, and Equipment] ? Or is there a more appropriate category?
They are considered a fixed asset and are expensed (depreciated) over time. I've never used Solopreneur so I'm not sure if there is a fixed asset account in your Chart of Account called 'Equipment', but that's the proper category to use. Your CPA/tax accountant can give you your options for depreciating the machines.
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