Purchase new Capital Equipment

[Bill Hilton]

I have bought a new PC for my business. I have entered its costs into the 'Fixed Assets' section of the worksheet under 'Fixed Assets including Commercial vehicles bought after 6th April 12' and adjusted my Capital Allowance for this year. Do I also enter the receipt under 'Purchases Apr12' or would this be counting things twice over?

[antonycc]

Make an entry in both Fixed Assets and Purchases. When you use the "FA" code in Purchases the package is able to work out this isn't to be included with the other categories.

[Bill Hilton]

Thank you Antony

[Bill Hilton]

It won't accept FA as a code. Which column do I enter FA?

[antonycc]

Ah, Sorry, the Taxi Driver packages does things a little differently. Enter the purchase in column "S" of the purchases sheet labelled:

Fixed
Assets
Motor
Vehicles
F

Thanks,

Antony