Idées AgExpert Comptabilité
Please make it so that capital assets can be traded in on a newer ones without having to use general journal entries! So frustrating! A lot of the time we purchase a piece of equipment, trade in our old one for the new one, set up a loan but don't actually make the 1st payment on the loan until later. If I don't use the transaction window then my asset list doesn't remove the traded in equipment OR add the new equipment. So by having to use general journal entries all the time, my capital asset list is never correct.
Hi Dara, I'm not sure I understand. General Journal entries are direct entries against accounts and don't include any additional functionality so if I credit a capital asset account, there isn't any way to link that "reduction" to the disposition of a specific asset. In the regular transaction entry window, you can use a C- line to "trade-in" the old asset and then a C+ in the same transaction to purchase the new one, you should be able to enter this transaction without any issues, including L- to clear old loans and L+ to set up a new loan if applicable. I may be missing something, so feel free to clarify or call in to 1-800-667-7893 and our support team can help you work through the transaction to make it happen all in one place and keep your capital asset list updated.