Capital expenses should be kept separate from your other expenses when tracking your expenses. This is because capital expenses have to be treated differently. They are not directly deductible at the end of the year, instead, they need to be depreciated.
As such, we have enabled an option to mark your expenses as capital expenses. The option to mark an expense as a capital expense allows you to select or deselect capital expenses when generating a report to create separate reports specifically for or excluding these non-deductible expenses.
Marking an Expense as a Capital Expense
Create a new expense and enter the expense details or edit an existing one. Scroll down and select yes for capital expense.
Separating Capital Expenses in your Reports
Go to the reports page.
Select the report you want.
Select properties, categories, and date range.
Select whether or not you want to include or exclude capital expenses.
Alternatively, run a capital expenses-only report, which allows you to separate capital expenses from the rest of the transactions.
On mobile, this option can be found under the expense categories.
Hit "Run Report".
If you want to run a report that identifies and those expenses marked as a capital expense you will need to run the report as a .csv file.
This will show a column indicating which expenses are capital and which aren't.
Share or save your report.