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Teesa66
Level 3
posted
‎January 19, 2021 09:22 AM
last updated ‎January 19, 2021 9:22 AM

Chart of Accounts

Hi! Just trying to figure out if I really need both Furniture & Fixtures and Machinery & Equipment accounts. We're an automotive repair shop with a few offices, so I don't know if I can just include the few office furniture expenses in with M&E or not...

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Best answer January 20, 2021
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Rustler
Level 15
‎January 20, 2021 05:22 AM

Chart of Accounts

You can but it is better to keep them separated.  Those accounts should be used for things which are not subject to accumulated depreciation. Lamps, trash cans, etc etc

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Rustler
Level 15
‎January 20, 2021 05:22 AM

Chart of Accounts

You can but it is better to keep them separated.  Those accounts should be used for things which are not subject to accumulated depreciation. Lamps, trash cans, etc etc

View solution in original post

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