For some reason I didn’t find what I was looking for.
For this fiscal year I want to buy a new phone ($800), laptop ($2300) and a car ($20.000).
** These figures are illustrative.
IMHO I need those to end up in Manager.io. But how? First I’d say add those to the ‘Purchase Invoices’, but I’m not sure. I’m not selling these items later on but indeed bought them for my business. Second to get them in Manager.io as write-offs (investment deduction), but how? Should I record each investment (phone, laptop, car) on a yearly basis or can I set an annual depreciation?
For the depreciation I use the linear method:
(Annual Depreciation) = ((Purchase Costs)-(Residual Value)) / (Probable lifetime)
Can somebody explain to me how I should record this in the proper manner? I’m entirely lost.