Account code for recording studio equipment

Question asked by Pete 8 years ago

Probably a very basic question, normally one for my accountant but can't get in touch right now.

I have recently purchased a couple of items of recording studio equipment for my business. Can someone please tell me what account code I should use. Is there an existing one in the default codes or should I set up a new one?

This is stuff that will depreciate over years, e.g. mixing desk, headphones.

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Hi Pete,

As long as you select a fixed assets account code then this will allow you to record and depreciate the asset.

There are four built in fixed asset codes that can be seen under the Settings > Accounting > Account codes section.

If there isn't a built in code that you want to use then create one from the same page. Make sure the account type is set to fixed asset.

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8 years ago

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