journal entries
harlzz
Member Posts: 3
im understanding a journal entry to be useful for tracking depreciation. Things such as laptops, headphones, monitors etc are what would go in that position. However, is this something that should be categorized as cash on hand or that of business owner investment?
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Comments
Hey there @harlzz
Your cash on hand account is a default account that Wave creates when you start your business. It's meant for petty cash that you use and is most likely not what you'd want to use for depreciation unless you're making cash payments. Have you checked out our article on documenting depreciation in Wave?
Check it out and let us know if you have any questions.
https://support.waveapps.com/hc/en-us/articles/208623506-Depreciation-in-Wave