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Meet FreeAgent

  • Overview
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  • Business Insights from Radar
  • Mobile apps
  • Security
  • Why choose FreeAgent?
  • Customer stories

Nail your admin

  • Estimates
  • Invoicing
  • Expenses
  • Banking
  • Cashflow
  • Projects
  • Time Tracking
  • Payroll

Relax about tax

  • Accounting
  • VAT
  • Self Assessment
  • End of year filing

Get connected

  • Taking payments
  • Small business insurance
  • Find a CoPilot accountant
  • App integrations

Manage your property

  • FreeAgent for Landlords
  • Pricing plans
  • Get FreeAgent for free

Accountants & bookkeepers

  • FreeAgent for accountants
  • Who's FreeAgent for?
  • Partner Programme
  • Partner stories
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  • Bulk payroll
  • Try FreeAgent for free

Resources

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Latest news

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Making Tax Digital

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Product help & support

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Latest news

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Small business resources

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Accountant & bookkeeper resources

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Login Try FreeAgent
    1. FreeAgent
    2. Capital assets
    3. Capital asset purchases

Capital asset purchases

  • How to record the purchase of a capital asset when using accruals basis accounting
  • How to record the purchase of a capital asset using multiple transactions
  • How to record a capital asset with a long useful life
  • How to record a capital asset that doesn’t depreciate
  • How to record the purchase of multiple capital assets with one bank transaction if you’re on the VAT Flat Rate Scheme
  • How to record the purchase of a capital asset when using cash basis accounting
  • How to record the purchase of a capital asset before your business’s start date
  • How to record the purchase of a capital asset between your business’s start date and FreeAgent start date
  • How to record the purchase of a capital asset for business and personal use

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