Capital Purchases and Finance in AccountRight
HOW TO RECORD CAPITAL PURCHASES AND FINANCE IN ACCOUNTRIGHT There are many finance options available to purchase capital equipment. Commonly used in Australia are: chattel mortgages: ownersh...
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I don't think any accountant expects the bookkeeper to adjust depreciation. They should have their schedules using one or other of the accepted depreciation methods and it is not up to you to second guess their preferred method. What I would be doing is scan all of the Capital equipment invoices and sending them to the accountant so that when they eventually get the file they can determine the depreciation they are able to claim. They should also advise you on the timing of the entry dates for the machines mentioned in your second note. It is all going to depend on when they last reported.
Going back to the purchase query - you will the 1-2910 CNC Bridgeport Mill CAP.
On your chart there may not be specific Item and all of the mills may be gathered up under 1 xxxx Machinery at Cost.
MYOB will puts a message about using this account ... press OK
