Hi guys. One more question – how can I set useful life for assets? It seems that all the assets default to 5 years and doesn’t look like it can be updated

Hi guys. One more question – how can I set useful life for assets? It seems that all the assets default to 5 years and doesn’t look like it can be updated

1 answer

Peter Connor Staff February 12, 2017
Public

Hi. It can’t Bullet runs on default accounting rules. Tks.

#answer-4863
  1. How can I record assets like yearly prepaid subscriptions or insurance then?
  2. They are usually annual, so their useful life is 12 month
  3. I can of course expense them, but that would be not completely correct
  4. Peter Connor February 12, 2017
    You can do that in manual journal entries. Tks

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