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View Full Version : Categorizing an account as "Fixed Asset" and "Expense"


noelus
03-17-2008, 07:44 AM
Hi:

I created an account "Computer Hardware" and categorize it as "Fixed Asset".

Then I created my budget for the accounts I've created (mostly "expense" type). I wanted to have the "computer hardware" account also in the budget that I generated but couldn't see it there.

How do I go about reflecting this "computer hardware" account in the budget? Should I just categorize it as "expense"? Can I actually put the same account in two categories: expense and fixed asset?

Would appreciate your help.

Thanks,

Noelus

YourVirtualAsst
03-17-2008, 09:53 AM
You will have to do a "Balance Sheet' budget and a "Profit and Loss" budget. I don't know of a way to combine the two of them.