John Summerfield wrote: >I have on my desk an invoice with these line-items: >Computer >Laser printer >Coffee tables & cupboard >Office chairs >Whiteboard > >For the sake of argument, we can assume I intend to sell the computer & >printer, the tables and chairs are office furniture and the whiteboard is for >private use. > >I can create items for inventory and record the computer and printer, no >problems there. > >I'm happy to do the same for the whiteboard - I can process it as a sale at >cost, and that's fine by me. Whether I call it a "whiteboard" or "item for >personal use" I don't care. > >What I have not discovered is a way of adding assets so I can record the >furniture and other items that are for office use. > >Once I do manage to enter assets, how do I depreciate them? Is that a manual >process? > 1. You can use AP->Add Transaction for the fixed/capital asset piece and the whiteboard, just use the same invoice number. I used AP-Vendor Invoice for the inventory piece (also using the same invoice number).
2. Depreciation. This is kind of manual at many companies. I've seen many shops that have an acctg. system and a fixed asset system. The fixed asset system does depreciation runs and prepares an entry that is manually made or loaded into the acctg. system. You can currently do this off-book w/ a spreadsheet and post a journal entry. With version 1.8.5 you'll be able to recall your previous depreciation/amortization entry, edit it to reflect new capital asset purchases, and repost it as a new transaction. I set one of these up on the KC demo under vendor Foo Enterprises, invoice 45898 posted 08/03/02 and added a journal entry to record one month's amort. expense for the table (straight line, 5yr life, no salvage value - 1,665/60 = 27.75/mth) http://accounting.dyndns.org/cgi-bin/sql-ledger/login.pl Good luck, Steve > > > > > > >------------------------------------------------------- >This sf.net email is sponsored by:ThinkGeek >Welcome to geek heaven. >http://thinkgeek.com/sf >------------------------------------------------------- >(un)subscribe: http://lists.sourceforge.net/lists/listinfo/sql-ledger-users >Archive: http://www.mail-archive.com/[email protected]/ > > > ------------------------------------------------------- This sf.net email is sponsored by:ThinkGeek Welcome to geek heaven. http://thinkgeek.com/sf ------------------------------------------------------- (un)subscribe: http://lists.sourceforge.net/lists/listinfo/sql-ledger-users Archive: http://www.mail-archive.com/[email protected]/
