Hi.

I currently have an Asset Account  "1710-0001 (Calgary) -Plant Equipment".  We have now decided that we'd like to track the different pieces of equipment in Sage, rather than on a spreadsheet.

I just want to confirm, I should be able to make Sub Accounts under "1710-0001 (Calgary) -Plant Equipment" and give each piece of equipment its own sub account - correct?  Then I would move the appropriate amounts out of my my current 1710-0001 Plant Equipment account into the appropriate sub accounts.  Then I'd have to make a SubTotal Account called Plant Equipment to total up all the sub accounts.

Have I got this correct?

Any advice is appreciated.  Thank you.

Jacqui