quickbooks accounting question

[Steve Bullman]

could someone advise me, when setting up a new account for a vehicle purchase, what type of account should i create in the chart of accounts? thanks

[Stephen Blair]

could someone advise me, when setting up a new account for a vehicle purchase, what type of account should i create in the chart of accounts? thanks

 

are you just looking to name your account on paper, or have you opened a new account at the bank?

[Steve Bullman]

name it on paper so to speak. if you are familiar with the quickbooks software you'd know what i mean

[Stephen Blair]

name it on paper so to speak. if you are familiar with the quickbooks software you'd know what i mean

 

i just make the money mate, and let the accountant do the paperwork. but i name my accounts for what they are for. i have business,personal,alexander,stewart,tax,vat,properties and deposits. i keep it simple and relateable.

[Steve Bullman]

its more the category of account what im looking for as the software then decides how it treats the figures...ie long term equity, long term liability etc etc

[Stephen Blair]

its more the category of account what im looking for as the software then decides how it treats the figures...ie long term equity, long term liability etc etc

 

well i suppose it comes under capital input.

[Steve Bullman]

thats not in the drop down menu

[Stephen Blair]

thats not in the drop down menu[/quote

 

 

depreciating asset, tax efficient penis extension:001_tongue:

[Steve Bullman]

well would ya believe.....that last ones in there!

[Stephen Blair]

well would ya believe.....that last ones in there!

 

i am a one to talk:blushing: