===== Can I create a major purchase that I pay for over a period of time? =====

Let's say you want to make a purchase of an item for $150,000 and pay for it over the following year, instead of in a lump sum. You should make two entries into <php>echo $conf['comp_name'];</php>:
  - Enter the major purchase of the item for $150,000 in the month that you want to make the purchase. This will start the depreciation cycle, and will record the cash outflow of $150,000.
  - Enter a loan for $150,000 in the same month that you are making the purchase. Set up (in the loan) the terms that you expect. This will record a cash inflow of $150,000 on the same month.


{{keywords>expense, capital equipment, cash, capital goods, fixed assets, depreciation, loan}}

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