Hi, I will be buying solar accounts from you as i think it is great from what i have seen...i am a Sole Trader offering Bookkeeping Service...How would i enter a Capital Allowance in this software...create a capital allownace tab or something similar??!!
Thankyou
Hi Jasmine,
I'm glad to hear you like our software!
The capital allowance can be treated in the same way as depreciation. That is, create an expense account called 'Capital Allowance Expense' then record a General Transaction into this account from the appropriate asset account. Note that you should record depreciation or capital allowance but not both (which would be 'double-counting').
Regards
