G/L Chart of Accounts

by Brenda
(Yukon, OK, USA)

Brenda from Oklahoma writes:

Where do I put tools we buy in the G/L Chart of Accounts

Hi Brenda!
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.

Thanks for stopping by my site!


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