Equipment purchases for small business : Diverse Business Consultants

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Modified on: Wed, 11 Oct, 2017 at 12:59 PM

When entering an equipment purchase for a small business, please use this as a guide:

- Equipment that is <$1,000 will be recorded to an expense account and coded as GST on expenses.

- Equipment that is >$1,000 will be recorded to an asset account (for example, office equipment) and coded as GST on Capital.

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