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Status Answered
Created by AgExpert Support
Created on Nov 2, 2017

Disqus Agexpert Accounting Questions Archive

what account should baler 'net wrap' be entered under?
thanks

  • ADMIN RESPONSE
    Feb 10, 2025

    Hi Kari, the account is really subjective, different accounts would be used by different people and as long as the account label is "appropriate" it would be fine. I looked through the Sample chart of accounts and found a couple options for you. You could use anything that's labelled as "Hay Expense" - I have 5240 under my livestock expenses, it's labelled Twine and Containers and I would think it's suitable. If all else fails you could just put it under your Operating Expenses as Small Tools & Hardware Expense, for me that's account 5755.

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