Equipment Purchases

[scannerangelaust]

I’m sorry team but I have what I think may be a very basic or dumb question.

Operating my business as a sole trader, when I purchase equipment such as tools, test equipment, IT equipment etc, where should I be allocating the purchases ?

One of the main reasons for my question is that I want to be able to identify and list these purchases so that I can give my accountant a full list of assets purchased to claim against the Instant Asset Write Off deduction that’s currently availabe.

Cheers
Paul

[Patch]

You are purchasing, depreciating and disposing of fixes assets

See these guides

• Fixed Assets: Purchase fixed assets | Expense fixed assets | Dispose of fixed assets | Migrate fixed assets from prior accounting system
• Depreciation Entries: Depreciate fixed assets | Calculate depreciation automatically