Entering Depreciation

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Subject Author Date Entering Depreciation Bill Bickner 02-15-2008
Posted by Bill Bickner on February 15, 2008, 3:54 pm Please log in for more thread options I keep the books (QB 2007) for our non-profit club, using the cash- basis accounting method I inherited. I entered the cost of building remodeling in our depreciation schedule, and plan to take first year depreciation using the straight-line mid-month method based on the date the improvements placed in service. But some of the bills for the remodeling were paid after the end of that fiscal year. How should I enter these transactions to properly account for the expenditures and first year depreciation? Thanks for your help. Bill Bickner Similar Threads Posted Re: Depreciation recovery on QB 2000 January 7, 2007, 8:23 pm Depreciation recovery on QB 2000 January 4, 2007, 12:33 pm Printing Depreciation Schedule January 25, 2008, 1:17 am How to Map Depreciation to Lacerte Tax Software? September 3, 2008, 8:35 pm Tracking equipment depreciation - which QB version? November 19, 2006, 1:04 pm Handling Depreciation of equipment in contract service January 17, 2008, 7:50 pm Entering just a VAT invoice August 26, 2006, 1:41 pm entering a loss of income November 24, 2007, 9:08 pm Entering a nonprofit donation January 12, 2008, 11:23 am entering manufactured items January 16, 2008, 3:37 pm