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  • Setting up accounts to show expenses and assets

    We are in the final stages of building a house that we will rent out. I have set up a project to track expenses and revenue, but not entirely sure on the accounts to use. Would I set up an expense account for appliances 5115 and an asset account 1840…

  • RE: Home Stager-Assets or expenses??

    Hi CDS, To the best of my knowledge, they are treated as long-term assets. Written below is a link for more information about current assets (cash) and long-term assets (land, buildings, equipments, etc) http://www.dummies.com/how-to/content/balance-sheet…

  • Home Stager-Assets or expenses??

    I have a client who is a home stager. She just started her business and has purchased a decent inventory of furniture and accessories that she will be using in her business. Some things are bigger like tables and chairs but the majority are things like…

  • Assets used as trade-ins

    I am attempting to clear up my year end. We traded an asset in on another one and I've totally confused myself in the posting. Can someone please set me straight. Done this for years, but my head isn't working right today.... Thanks.

*Community Hub is the new name for Sage City