Solved

Accounting categories (nominal accounts) again

4 replies
0 views

Hi again

Entering some receipts for tools for my business. Mixture of software and hardware as my business does software tuning for vehicles. How would you see these fitting in to the nominal account categories please?

Kind regards

Jason

QuickBooks Online

E

EmmaMAnswer

Hello Yorkshire_Remaps, You could look at tangible assets>macinery and equipment as an option within the nominal account categories to record the purchase of software/hardware for the business. You may want to confirm that with an accountant.

E

EmmaMAnswer

Hello Yorkshire_Remaps, You could look at tangible assets>macinery and equipment as an option within the nominal account categories to record the purchase of software/hardware for the business. You may want to confirm that with an accountant.

Y

Yorkshire_RemapsAuthor

Thanks EmmaM, that's the type of thing I was looking for but can't see it listed. I'll have a scout about :)

Kind regards

Jason

Y

Yorkshire_RemapsAuthor

Actually I'll amend that. I can see computer additions at cost which in the detail also says Machinery and equipment but seems a bit confusing to be honest.

Sign up

Login with SSO

Login to the community

Login with SSO