Hi, I posted some bills to nominal codes ‘Office/Computer Equipment’ last year not knowing Bullet automatically treats these as fixed assets and thus calculates depreciation. These were low value purchases and not something I want to treat as fixed assets; is there anyway to stop the automatic calculation of depreciation? I cannot amend the original posting as I have filed my tax return. Thanks

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Hi, I posted some bills to nominal codes ‘Office/Computer Equipment’ last year not knowing Bullet automatically treats these as fixed assets and thus calculates depreciation. These were low value purchases and not something I want to treat as fixed assets; is there anyway to stop the automatic calculation of depreciation? I cannot amend the original posting as I have filed my tax return. Thanks

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Peter Connor ⋅ Staff November 14, 2015
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Hi Noreena,
I’ll get John to come back to you on this. 
We build workflows to help people, but we also have journal entries if people want to bypass our rules. 
John will give you a more definite answer. 
Thanks

Pete

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  1. Noreena Merri November 14, 2015
    Thanks Pete. I can of course do adjusting journal entries although it means I will always have to do it. If I could stop the automatic posting that would be great. I look forward to hearing from John. Thanks.
  2. Peter Connor November 14, 2015
    Cool - We tend to just focus on the most common usages in the workflow and leave everything to Journal Entries.
    People use Bullet for it's simplicity, so it's either simple (workflows) or not (journal entries).

    Let's see what John comes back with though.
    Thanks Noreen
  3. Peter Connor November 14, 2015
    Hi Noreen,
    You can always mark the tax return as unpaid, recreate the bills (and select accounts other than office/computer equipment), and then mark the tax returns as paid again. This way it will remove the fixed asset nature of these bills, and as long as you enter the bills with the same details again, won't have any impact on the tax returns
    John.

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