How to Add Assets to QuickBooks Online and add Sub-Accounts for Accumulated Depreciation
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- čas přidán 2. 05. 2023
- This is a tutorial to add an asset on QuickBooks Online to be depreciated through the years.
How to record Accumulated Depreciated in QuickBooks Online and record the depreciation expense.
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Great video ma'am. I own a trucking company and now I know how to add fixed assets to the books
Glad it was helpful!
Exactly what I needed, thank you for the very informative video!
You're very welcome!
Great video! Thank you!
You are welcome!
Great lesson. Thank you Mam❤️
My pleasure 😊
Hi Claudia, Glad you are better and you have your cheery self back. 😊I have a question about the depreciation account. When you did the J/E, you selected 'other expense' under depreciation. I assume you picked that so it is different than the truck depreciation account and the system took it. IF you bought another item, let's say a computer system (I think that qualifies, if not another vehicle then) would you have to set it up with the item reference under its own depreciation subaccount? Don't stress too much about the slow computer. Mercury is in retrograde and a lot of CZcamsrs are having major issues loading, etc. Great video and I have saved it for future reference.
Awesome, glad you liked it Flora. There are two item one is accumulated depression which is a counter asset account and a sub account of the truck asset, the second is just an expense account and it is not a sub account of the truck. The depreciation account is a Profit and Loss account not a balance sheet and we do not track as truck or computer or building it is just depreciation expense. You can track it separately but not recommend since you want to simplify your Profit & Loss account
Thank you for your educational videos that help us a lot, I have square I would like you to help us how to set up the sales tax in quickbooks
I would love to help you Maria, you can schedule an appointment by texting or calling 407 504 9828
How do i adjust the drop downs for vehicles? Some have drop down other dont.
You would create a sub account for vehicles
You would create new asset select vehicle as the type of asset make sub account under vehicle