Kevin,
If you are entering an existing asset rather than a new paurchase the credit
entry should be to an Equity Account:Opening Balances rather than to a Cash
or bank account and the debit entry to thr Fixed asset account.
David Cousens
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David Cousens
--
Sent from:
While your debit entry is to the fixed asset account your opposite,
credit, entry should be to your cash account (reducing cash) or equity
account(representing ownership).
On 11/07/2017 03:45 PM, Kevin Barber wrote:
Hello
Can anyone tell me how to record fixed assets in GnuCash. When I put
buy a printing press:
DR Asset Printing Equipment $5,000.00
CR Cash $5,000.00
John
On 11/07/2017 01:45 PM, Kevin Barber wrote:
Hello
Can anyone tell me how to record fixed assets in GnuCash. When I put the entry
in GnuCash automatically balances the
Hello
Can anyone tell me how to record fixed assets in GnuCash. When I put the entry
in GnuCash automatically balances the entry with a deduction of the same amount
so the fixed assets always shows as “zero”.
What am I doing wrong?
Kevin
Sent from Mail for Windows 10
