How to process a Capital Expenditure item

[Merbroc2020]

Hi There.

How do I process a Capex item which is a fridge bought for the business and how much should the item cost before it becomes a capital expenditure? Do I create a GL Code in Assets and keep an Assett register for tax purposes? Please send me a copy of a printscreen as that really helps me a lot

Cheers

Mer

[Emily_B · Accepted solution]

Hello @Merbroc2020 

While we cannot offer much specific advice on this topic, I can direct you to this detailed post by one of our partners, @ronatbas. This is something I would recommend speaking with an accounting advisor on for more detailed advice, but the post should help get you started. Additionally, some other users here on the forum may wish to weigh in with assistance.

[Merbroc2020]

Hi Emily...B

I did not receive the reply I wanted but will follow through on the link (@ronatbas) you have given me.

Cheers