Equipment Asset Value
They're doing a balance sheet in Goldenseal small business accounting software. Equipment value is too low or zero.
We calculate the depreciated value as of the report start date. If they don't have a depreciation method, there isn't a problem, but if the equpment was bought AFTER the report start date, the asset value is zero because the equipment didn't exist then.
The solution depends on software version:
They need to change the date range of the balance sheet report so it is Today.
VERSION 2.8 and earlier
They need to change the date range of the balance sheet report so it is Today. If the date range
is already editable, just change it in the report. If not:
This problem is finally fixed completely in 3.0 (we added the ability to pre-set the report date in 2.9 but forgot to change the balance sheet layout).
Entered 9/27/04 by Dennis. Updated 10/22/2010.