Hi, quick question related to computer equipment. Is any expense categorised as computer equipment considered as an asset with depreciation calculated? If so – should I categorise any computer equipment with less than 1 year’s economic life under a different category?

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Hi, quick question related to computer equipment. Is any expense categorised as computer equipment considered as an asset with depreciation calculated?
If so – should I categorise any computer equipment with less than 1 year’s economic life under a different category?

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Peter Connor ⋅ Staff March 6, 2016
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We’ve just followed standard practice with depreciation. If you want to create a customer entry you can use manual journal entries. 
If you’re just curious, I’d stick with the Bullet defaults. We’ve designed the product to work in a standard way to reduce workload and optimise your business. 

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  1. rbowden56 March 6, 2016
    Thanks Pete,
    Makes sense.
    Richie
  2. Peter Connor March 6, 2016
    Cool - Bullet has all these workflows built that sit on to of an accounts system. Those workflows understand all the accounting logic.
    The idea is you don't need to think when doing your accounts. Bullet will do it the best way, automate your tax returns, and build all your accounting reports for your year end.
    All with you having zero accounting knowledge. :)

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