What to do
- The machine was added to Lease & rentals from your fixed-asset register, so the books treat it as yours and depreciate it. A machine hired in from a partner must not be.
- Add it instead with Lease & rentals โ Assets โ Add an owner's asset (the partner as its owner), then set Ownership โ Hired in from a partner with their rate an hour.
- If it really is yours and you only share it, choose Co-owned with a partner instead, with their share of the proceeds.
Good to know
- The opposite also applies: an owner's asset cannot be set to owned or co-owned - capitalise it in the fixed-asset register first.