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Created by AgExpert Support
Created on Sep 16, 2018

Disqus Agexpert Accounting Questions Archive

Need help with Capital Asset Entry. I purchased a sprayer in the U.S. with a U.S. bank account already set up. How do I record the transaction and show the true Canadian Value of the asset in the Capital Asset Purchases - thanks

  • ADMIN RESPONSE
    Feb 10, 2025

    Sorry for the delay MS. For this purchase, you will want to do two transaction. The first will be to transfer the money between your US and Canadian bank accounts, which you can see the process for here: http://community.fccsoftwar...

    The second step is to record the capital asset purchase, which you can see if instructions for here: http://community.fccsoftwar...

    If you need further help, please don't hesitate to give us a call at 1-800-667-7893.

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