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It is beneficial to have the purchase price listed for the equipment so that when a piece of equipment needs to be repared the purchase price can be referenced. For example, an electric drill motor goes out and to replace it is a $150 part but to buy a brand new one is $200. Because it is possible to see what the tool was purchased for it is less likely that a repair will be made but a new tool will be bought. It will also add value when we run an equipment inventory for personal property taxes we will easily be able to add up the value of the equipment we have purchased for the year to cross check with a GL account.
Arie Rolfe
Dear Viewpoint Suggestion Box contributor;
We at Viewpoint sincerely thank you for your contribution to Suggestion Box on how we can improve Viewpoint products. While we can’t do everything at once, we rely upon your feedback to help guide the prioritization of our product improvements, and Suggestion Box is a critical tool for us to understand and prioritize our customers’ needs.
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It would also be great if you could record the purchase of equipment, in the equipment module, to a Fixed Asset account instead of having to make up an asset account, record the purchase there and then journal it out to the fixed asset account.
Thank you for your suggestion, we will consider it for a future release.
In the meantime, you can quickly add Purchase Price as a user defined field for the Equipment module, and track it that way. You can even make it a required field if desired. User Defined Fields are also available for inclusion in your modified reports.