QB Pro Advisor here. Been working for over a year with my daughter in the planning stages and now building design stage of a new brewery. She bought the 100+ year old building and is now on 2nd architect since the 1st one took over 3 months to produce an “as built” drawing! I have set a couple of businesses’ COA like you recommend; used FIXED and NON FIXED but I like your titles much better! Trying to figure out the credit balance of Depreciation Expense. Just curious…
Great idea, I'll do a dive into that. It's an older p&l and I don't remember why there was an adjustment to depreciation. In breweries you never stop buying toys, so there is always depreciation!
QB Pro Advisor here. Been working for over a year with my daughter in the planning stages and now building design stage of a new brewery. She bought the 100+ year old building and is now on 2nd architect since the 1st one took over 3 months to produce an “as built” drawing! I have set a couple of businesses’ COA like you recommend; used FIXED and NON FIXED but I like your titles much better! Trying to figure out the credit balance of Depreciation Expense. Just curious…
Great idea, I'll do a dive into that. It's an older p&l and I don't remember why there was an adjustment to depreciation. In breweries you never stop buying toys, so there is always depreciation!