How to enter Asset buy in AutoMi?
Wed, 05/06/2020 - 15:28 admin
A company acquired items that are Asset type, like Furniture, Renovation and Machines, these kind of acquisitions should be categorized as Asset, instead of Expenses.
From Bank Payment, click New, select Date and Bank. Under Expense Lines, search for Furniture:
Enter the amount, click Save. At year end, depreciation entries are needed for these assets.