Forum Discussion

HibbardSports's avatar
HibbardSports
Experienced User
18 hours ago

Auto Build inventory - we rent out

Good morning

 

We build an inventory item and then we have an actual cost of the new item.  But we rent the item out over a fixed term of 6 to 12 months, I don't want the full cost of the Built Item to go against the rental income (it would always show negative) - how/what do I do to more or less amortise the cost over the rental period?

 

Thanks in advance

Carole

  • Princess_R's avatar
    Princess_R
    MYOB Moderator
    17 hours ago

    HI HibbardSports,

     

    This is a great question! However, this type of inquiry really falls under the expertise of an accounting advisor or financial consultant, so I recommend reaching out to your accountant for tailored advice on amortising the build item cost over the rental period. 

     

    Feel free to create a new post if there's anything else I can help with.

     

    Cheers,

    Princess