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Purchase assets

To pay for assets with a company check or credit card

  1. Choose one of the following methods:

    Enter the purchase in the Write Checks window Shortcut.


    Enter the purchase in the Enter Credit Card Charges window Shortcut.

  2. Click the Items tab and enter your fixed asset information.

  3. Save the transaction.

    Save the transaction.

To pay for assets with cash

  1. Go to the Lists menu and click Chart of Accounts. Shortcut

  2. Double-click your petty cash account.

  3. Enter the purchase in the petty cash register. Click the Account drop-down list and choose the account for the asset.

    Normally, the account will be a fixed asset or other asset account.

  4. Click Record.

  5. Create a fixed asset item to track associated costs, depreciation, and so on for your asset.

See also

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