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...When you buy an asset, the cost of it is debited to an asset account at the top of the balance sheet. This is true even if you pay cash for it. This is in contrast to applying the asset cost all at once to an expense account. The reason is that the asset is of value to the business. However, as the asset is used, and ages, it is correct accounting wise to decrease it’s value on the balance sheet, and apply the change in value during say, a month, to a cost account on the income statement.

Ideal for the Sole Trader or (very!) small business. Features include: Manage Customers Manage Products Create Orders & Invoices Import Banking Data VAT Analysis Record receipts including scanning to database Reconcile expenses to Bank Data Label Designer Create Branded Product Labels Branded Order, Invoice & Label with your own corporate logo etc

Cynics Accounting, POS and Inventory Source Code is written in pure VB.Net language, fully compatible with Visual Studio 2005 SP1 and Visual Studio 2008. All processing related code in SQL Server 2005 Stored Procedure, utilizing the fastest processing power of SQL Server, and you can easily integrate your application with few stored procedure called!