wondering what the best way to enter a down payment (deposit) on a capital asset purchase? I will want that value to move into the actual value of capital asset when the payment in full is made
Hi there! The best way to hang on to that deposit and use it later is to post it as an A+ line to Prepaid Items. Then when you do the actual capital asset purchase you can use an A- line to pull that amount out of the Prepaid Items account and include it in the value of your C+ line instead.