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April 9, 2025
Question

where can I add an expense category, it won't let me add "equipment" that I thought last year

  • April 9, 2025
  • 2 replies
  • 0 views
I bought equipment last year and there's no category labeled "equipment". There's "equipment rental" but no category of just "equipment"

    2 replies

    April 11, 2025

    Equipment that will have a life of more than a year is entered as an asset and depreciated over time.  So the reason that there is no "Equipment" expense is because you are supposed to enter them there.  

     

    That being said, you aren't expected to depreciate a screwdriver even though it will last for (hopefully) many years.  You can add an expense for "Small tools and equipment" and enter any little things there.

     

    @gobigdwayne 

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    VolvoGirl
    April 11, 2025

    If you don't see....Small tools and equipment....you can enter them under Supplies or Other Miscellaneous Expenses.    That's where I put Small Tools with the total for all.   What kind of equipment did you buy?  How much $?