Question for Sage Users RE: Fixed Assets

[billyboy120]

Hi Guys,

Just brought some new office furniture, need to enter up onto sage.

This will obviously go down as a fixed asset (office equipment 0030).

My question is if I put it through as a bank payment to 0030 will it go down as an expense also? is there a journal entery I can do to show as an expense (an which nominal would you recommend?) and as a fixed asset?

Many thanks in advance for your help!
Billy

[MyAccountantOnline]

Hi Guys,

Just brought some new office furniture, need to enter up onto sage.

This will obviously go down as a fixed asset (office equipment 0030).

My question is if I put it through as a bank payment to 0030 will it go down as an expense also? is there a journal entery I can do to show as an expense (an which nominal would you recommend?) and as a fixed asset?

Many thanks in advance for your help!
Billy


You wont enter the payment as an asset and an expense - it will be a payment directly to the fixed assets code.

[mikky_uk]

As above it will go straight to the fixed asset code. only time it will appear as an expense is when depreciation or the likes are entered.