 as an asset. So I'm going to say existing contact let's put let's just copy the name where's the name office depot I can copy it from here copy that boom office depot and I'll say under a thousand well no let's just call it office depot what are you doing that's okay there's our our new vendor and then we're going to stay down here that this needs to go to supplies supplies and then I'm not doing the location thing well that was our new location field we played with last time we won't but you could assign it to a location because we added that here and then reference I'm going to say it applies to all the accounts and the name of the rule office depot under one thousand dollars all right so there it is let's go ahead and save it and then now this might be the only rule that you apply right because I can go into here and say okay this one's good under a thousand no problem and this one is good it's under a thousand let's pull that one in this one office depot didn't apply the rule because it's over a thousand dollars right so so it applied so it didn't apply that rule there that's what we want now you could leave it like that you could just say well if it's over a thousand dollars then I'm going to decide whether or not I want to put it on the books as supplies or as equipment of some other equipment account because I might then have to decide if I need to put it into equipment or tools or you know whatever a category but usually it would be equipment or what we will do shortly is make another rule that will say if it's over a thousand dollars you want to put it into the fixed asset all right so I'm going to go to the tap let's go and see what we've done so far before we do that update the balance sheet so checking accounts going down so that's no I don't even need to look at it because we've done that we see we that's that's uh whatever and go to the income statement and in supplies we recorded the supplies according to the rule straightforward except that we had that dollar limit restricting the other stuff so there's these pulling in movie b to the end spend money form bn so it looks good let's go to the first tab again and now let's create the other rule saying hey look if it's from office depot and over a thousand put it into equipment not supplies so we're going to hit the drop down but not too hard just tap the drop down create a bank rule and let's make another one and we want all conditions so all the conditions must be met one any text the normal part of the rule if it contains office depot that's one bit but we have another whole piece whole component down here you also have to this has to happen as well or else you can't do it don't do the rule zero so it has to be a greater than a thousand dollars so there we have it so now we have one rule under a thousand one greater than a thousand now you might be saying well what if I had a bill for exactly a thousand dollars well then the you know the two rules might not catch it and you'd have to put it but you could make a third rule that said it was equal to a thousand dollars if you really want to but you probably be pretty safe with just the two rules you can make it even more precise you could put pennies on it so that you know it would be down to the penny instead of to the dollar and you'd only have if it was you know or whatever so but we'll keep it like that I think we'll be okay so then I'm going to also say this is office depot same vendor and then this is going to be equipment and okay and then I'm going to say reference all accounts and then office depot over one thousand dollars let's go ahead and save it and check that out so now it's applying this rule here so it applied it there now it's picking that up boom shaka laka here's this under rule here's the over rule and uh and here's the under rule all right let's go to the balance sheet and see what happens k posso k in the world posso over here k for the love of deals posso all right so then we're going to say that uh the checking account went down and the equipment account went up so if I go into the equipment account uh we can see then we had the change happening it's happening here so uh office depot there for the over if it's over a thousand and then and then on the other side if all the stuff that was under went to of course once again the supplies account was updated supplies all right and so if I go to the first tab we can check out those rules if we want to modify the rules by the way I can go to the accounting drop down a bank accounts and we can check out all these rules that we've been making all these super cool rules you know I used to not like rules but when I'm making the rules then they're excellent I make good rules other people don't make good rules that's the problem people make the rules that I have to follow they don't know what they're doing but when I'm making the rules then then the rules are perfect so if it's office depot under a thousand office depot over if you if you needed to edit this thing then you go into it and you can make your modifications over here so there we have that so that looks good now just a quick note that if I go to the balance sheet uh we have the items in the equipment you might be asking well when are we going to expense these items we're going to expense them in the form of depreciation and that will typically happen in the united states you might want to track that again with a separate schedule with the tax depreciation schedules because you're going to have to add it to the tax depreciation anyways and and then you can get the depreciation schedules from there either on a tax basis if you want to run your books on the tax basis to match the tax code or you can have it do it on a on a on a book basis uh possibly most a lot of software can do that and then we would do periodic adjustments possibly at the end of the month possibly at the end of the year which usually have another account which would be uh credit to to you know accumulated depreciation for the equipment and once we start adding those separate accounts for equipment automobile and stuff zero has this really nice editing layout item down here that allows us to group for example the equipment account to the related accumulated depreciation we can put the equipment on top even though the the the alphabetical order would be reversed so really nice flexibility to customize our statement more so i think than other software like quickbooks online with sorting out the equipment so that's how that would generally work