Why doesn't import duties expense show up on profit and loss report

Hi @Elise_Langley

I’ve just tested this and 5101 Import Duty shows up under “Cost of Goods”. If this doesn’t appear for you and you do have transactions assigned to that nominal, please double check the date range you’re viewing.

With capital expenditure, you would normally record this as a purchase as per normal and this would record it as an asset on the balance sheet. You can then record depreciation which would move it to the P&L for you. There’s a few posts on the forum relating to this, but you may just want to run it past your own accountant just to be sure:

Hope that helps!