How to Record Mailroom Locker Installation
Capitalizing the purchase and installation of electronic package lockers to enhance tenant amenities.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Furniture, Fixtures, and Equipment | Debit | 12,000.00 | - |
| Cash | Credit | - | 12,000.00 |
💡 Accountant's Note
Package lockers are tangible personal property that provide future economic benefit through improved tenant retention and potential service fees.
Practitioner & Systems Framework
💻 ERP Architecture
Categorize as FF&E in the asset management module to distinguish from building structural components.
⚠️ Audit Flags
Verification of physical existence during property site visits and correct depreciation life (usually 5-7 years).
📄 Required Documentation
Purchase order, shipping manifest, and installation sign-off.
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Discussion & Community Questions
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