Help! How do I list an asset in wave?
Yes an asset purchase using a receipt from owner investment
Debit an appropriate asset account for the purchase by the cost of acquiring that asset - meaning an increase in asset. Credit owner investment account by the same cost - a decrease in owner investment. Hope that helps!
Not really... I'm an accounting noob
Hi @parastudios , I think @KarlAviu is referring to using a Journal Transaction in Wave.
We do also have a Help Center article which should help break down the steps to adding this in Wave.
parastudios
Member Posts: 3
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Can you provide more details regarding your query?
Are you referring to how to record asset purchases or create a new asset account in wave?
Yes an asset purchase using a receipt from owner investment
Debit an appropriate asset account for the purchase by the cost of acquiring that asset - meaning an increase in asset. Credit owner investment account by the same cost - a decrease in owner investment.
Hope that helps!
Not really... I'm an accounting noob
Hi @parastudios , I think @KarlAviu is referring to using a Journal Transaction in Wave.
We do also have a Help Center article which should help break down the steps to adding this in Wave.