61. Bookkeeping for Financed Assets: Get it right to avoid costly mistakes

Are you managing financed assets in your rural business?

In this episode of "The Rural Bookkeeping Podcast," we delve into the crucial details of bookkeeping for financed assets. Discover why accurate accounting for asset costs, loan liabilities, and borrowing costs is essential for your financial health. We'll guide you through the steps to properly record these transactions, highlight common mistakes to avoid, and share tips for maintaining accuracy.

Tune in to learn:

- What financed assets are and why they matter.
- How to correctly record asset costs, loan liabilities, and borrowing costs.
- The importance of accurate bookkeeping for financial reporting and tax implications.
- Practical tips to avoid costly mistakes and ensure accurate records.

Don't let bookkeeping errors cost you thousands in missed GST claims. Whether you're dealing with farm equipment, vehicles, or machinery, this episode provides the insights and advice you need to keep your finances in check. Remember, if you're unsure, seeking professional advice is always a wise investment.

Listen now and ensure your business's financial success with proper bookkeeping for financed assets!

WEBSITE: https://www.ejsbusinessservices.com
LINKEDIN: https://www.linkedin.com/company/ejsbusinessservices/ 
INSTAGRAM: https://www.instagram.com/ejsbusinessservices/
FACEBOOK: https://www.facebook.com/ejsbusinessservices/