I need to put secondhand Machinery/New Equipment and New building under Assets but cannot seem to be able to move them to there . They are at the the moment under finance costs which comes under expenses. The accountant wants them moved but I have tried and cannot seem to be able to do it. Could you please advice how I do this
Hi Gwen,
It sounds like you have created a new account called 'Machinery/New
Equipment' and incorrectly grouped it under Expenses. In that case here is
how to change to assets:
Go to the Accounts list and double-click on 'Machinery/New Equipment'
and change the name to 'Machinery/New Equipment Expense'
Click menu File > New > Account and create a new account called
'Machinery/ New Equipment Asset' which is grouped under Assets
Right-click on the 'Machinery/New Equipment Expense' account and select
'Show Transactions'
For each transaction listed, edit it and change the account
from 'Machinery/New Equipment Expense' to 'Machinery/New Equipment Asset'
Go back to the Accounts list and delete the 'Machinery/New Equipment
Expense' account
Hi Mark
Brilliant have done it all
Have learnt a lot more now about Solar accounts and I now have 2 clients who now use it that is brilliant.
I will soon be registering another client as well.
Thanks so much for all your help
Gwen
Hi Gwen,
That's great - glad to hear you are making good progress with Solar
Accounts!