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L
Lana_Price
October 8, 2024
Question

How should I record a transaction for a Caterpillar attachment (Excavator Quick Coupler) that my client recently purchased?

  • October 8, 2024
  • 1 reply
  • 0 views

 

Previously, I recorded the Caterpillar purchase as:

  • Dr Machinery and Equipment
  • Cr Accounts Payable (A/P)

For this new attachment, should it be added to the existing Machinery and Equipment asset as a capital asset, or should it be recorded differently in QuickBooks?

1 reply

T
Trish_T
October 8, 2024

Hi Lana_Price,

 

It's a pleasure to see you in Community. Welcome! It's essential that your purchases are recorded accurately in QuickBooks Online.  Based on the information you've provided, I recommend speaking with an accounting professional.  They will be able to provide their expertise and best course of action, to ensure a positive outcome on your books.  If you don't have an accountant, we can help you locate a ProAdvisor in your local area. 

 

If you have any other questions, feel free to reach out.  We would be glad to help!

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