Purchase of a truck

I'd like to welcome you first in the Community! Recording vehicle purchases in QuickBooks is essential for accurate asset management and expense tracking, missmissySEI. 

Let's delve into the process of recording this transaction in QuickBooks Desktop.

To start, follow these steps on how to record the check that you made for the payment:

1. Go to the Banking menu and select Write Checks.
2. Select the Cash account in the Bank Account field.
3. Choose the name of the vendor in the Pay To The Order Of field.
4. Select the expense account you used for the purchase in the Expense column.
5. Enter the amount and any other details of the purchase.
6. Click Save and close. 

You can also use these steps if you need to set up an asset account for the truck:

1. Open your Chart of Accounts and press CTRL + N on your keyboard.
2. Choose Fixed Asset. This is usually used to track the value of significant items such as buildings, lang, and vehicles.
3. Click Continue.
4. Type in the name of the asset account.
5. Click Enter Opening Balance, then type in the value of the truck.
6. Click Save and close. 

Aside from that, you may also want to take advantage of the Fixed Asset Manager feature. This tool will automatically calculate the depreciation of your fixed assets based on the standards published by the IRS.

Please see these articles for more details about this feature: 

• Manage Fixed Assets Using Fixed Asset Manager (FAM)
• Use Fixed Asset Manager In QuickBooks Desktop

Don't hesitate to reply to me or post new inquiries if you need more help when recording purchases, tracking assets, and any other business-related transactions in QuickBooks. Our team is always here to help you navigate QuickBooks and provide the support that you need.