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Created by AgExpert Support
Created on Apr 26, 2018

Disqus Agexpert Accounting Questions Archive

I made two separate payments towards a capital asset before the loan was set up. How do I set this up?

  • ADMIN RESPONSE
    Feb 10, 2025

    Hi Rebecca, you could use your prepaid asset account to record those two initial payments, and then transfer them at the time of the capital asset purchase with the loan addition. Here is a link on how that can be done: http://community.fccsoftwar... You would use A+ for the initial payments, and use A- at the time of the Capital Asset purchase transaction. I hope this helps!

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