Asset Account Computer Hardware

[Tony Nelson]

Doh!  Thanks so much.

On Wed, 2008-07-02 at 13:04 -0400, Derek Atkins wrote:
> Hi,
> 
> Quoting Tony Nelson <tonyn at openlearning.com>:
> 
> > Hi All,
> >
> > I have an Asset Account called Computer Hardware, which is there (I
> > believe) so that I can track hardware assets that need to be depreciated
> > at the end of year by my accountant.
> >
> > Ok, let's say I buy a computer with my credit card.
> > I enter the transaction in my Credit Card  liability account specifying
> > computer hardware as the expense type.
> 
> Bzzt.  Don't use an Expense.. Use your asset account.  So it would go
> from L:CC -> A:Computer
> 
> > That all works, but, the hardware transaction does not show up
> > automatically in the Computer Hardware asset account.
> >
> > Do I need to manually enter it in two places?
> 
> Nope.  It's not an expense when you buy it.  The expense comes when
> you depreciate it.
> 
> > Thanks in advance,
> > Tony
> 
> > Please remember to CC this list on all your replies.
> > You can do this by using Reply-To-List or Reply-All.
> 
> -derek
>