Capital Lease Account
Thanks for all your help and the site's help! I've gone through and figured out a few different things.
I figured out that we are doing a capital lease on two items, now I need help on how to record them in QuickBooks. Do they just go into the fixed assest area? Do I put in the total amount that we will pay and then treat the montly amount paid as if it were a bill payment towards the company?
Thank you very much!
It delights me that you are finding this site useful and practical! :0)
It sounds like you discovered my chat on Capital Leases
. There was mention in the chat on the bookkeeping entries required for a capital lease
that I think will answer your question.
Post back if it doesn't or it raises more questions for you.P.S. I would like to remind you there is a difference between information and advice. The general information provided in this post or on my site should not be construed as advice. You should not act or rely on this information without engaging professional advice specific to your situation prior to using this site content for any reason whatsoever.