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Status Answered
Created by AgExpert Support
Created on May 2, 2018

Disqus Agexpert Accounting Questions Archive

Good Morning, I purchased an auger, but used two different sources to pay for it. Would I create a Work in Progress account first to run this thru ?

  • ADMIN RESPONSE
    Feb 10, 2025

    Hi Deb,
    I'd just use the Prepaid Items account to handle this one.

    Put the first payment into Prepaid Items with an A+ line and then when you enter the 2nd payment you can pull the amount out of Prepaid Items using an A- line

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