It's nice to have you in the Community, paulcook1979.
I'm here to share a step by step process with the instructions provided by Gordon.
To set up Fixed Asset, here's what you'll need to do:
- Go to Lists menu at the top.
- Select Fixed Asset Item List.
- In the Fixed Asset Item List window, click the drop-down arrow beside Item and click New.
- Enter the Asset Name/Number.
- Under Asset Account, click the drop-down and click <Add New>.
- Enter Account Name, then click Save and close.
- Enter the necessary information like the Purchase Description, Date and Cost.
- Click OK.
To set up long term liability account, here's what you'll need to do:
- Go to Lists menu at the top, then choose Chart of Accounts.
- Click Account at the bottom of the list and click New.
- Select Other account types, and then click the down arrow and choose Long term liability.
- Click Continue.
- Enter the account name and number.
- Leave the opening balance at 0.00.
- Click Save & Close.
To create a General Journal Entry, here's how:
- Go to Company menu at the top, then select Make General Journal Entries.
- In the Make General Journal Entries window, change the date if necessary.
- Fill in the entry number.
- Check the adjusting entry checkbox, as appropriate.
- In the detail area, enter distribution lines.
- Click Save & Close.
For the detailed steps on how to create a Bill and a check, check out these articles:
For additional reference, you can check out our Community Help articles.
That's it! Please let me know if you should have questions about this feature or anything else. I'm always here to help. Have a great day!
