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Status Answered
Created by AgExpert Support
Created on Apr 19, 2023

Disqus Agexpert Accounting Questions Archive

I need to move pre-paid inputs to an asset. There are multiple pre-paid transactions that all together are now one completed asset (silage pit). How do I move them all from pre-paid to one single asset?

  • ADMIN RESPONSE
    Feb 10, 2025

    Hello! For this situation I would do a Withdrawal transaction for $0 and have two lines: an A- (asset sale) to remove the prepaid amounts as one amount, and a C+ (capital asset purchase) in the same amount to add the silage pit to your capital asset list.

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