G/L Chart of Accounts
(Yukon, OK, USA)
Brenda from Oklahoma writes:
Where do I put tools we buy in the G/L Chart of Accounts
I used to work for a Tool & Die company, and I'm assuming you're talking about the small tools you buy for the shop. To add an account for this in your G/L Chart of Accounts, you want to set up an expense account, and title it Tooling Supplies Expense.
If there's anything else I can help with, don't hesitate to ask.
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