In QuickBooks Online, fixed assets is under the Property, plant and equipment account type. The Detail Type is divided by the following categories:
If your fixed asset is not covered by these categories, you can select Other fixed asset instead.
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Hi gatewaytranslations. Thanks for connecting with us here. It's vital you know the difference between the two accounts and I'll be happy to share more info. Accumulated depreciation is the total amount of the depreciation expense allocated to an asset since it was used. Accumulated amortization is the total amount of amortization expenses recorded for an intangible asset. The main difference between depreciation and amortization is that depreciation is used for physical assets, whereas, amortization is used for intangible assets.
I encourage you to reach out to an accounting professional for expert advice on when to use either of the two accounts. If you're not in contact with one, I encourage you to search for one on our website using this link here. Doing this will help prevent any discrepancies on your account. Feel free to ask other questions, I'm here to assist.