I cannot find an option to add a fixed asset account in my chart of accounts in QBO. Why? How do I add a fixed asset account?

Hi alexis-bubbblegr,

It's nice to see you in Community.  Welcome!  Setting up an asset account in QuickBooks Online can be done in just a few steps.  I'd be glad to assist!

Here's how to add an asset account in your chart of accounts;

1. Go to Settings ⚙ and select Chart of Accounts

2. Open New

3. From the Account Type ▼ dropdown, select Property, plant and equipment

4. Select the option that closely describes the asset from the Detail Type ▼ dropdown menu

5. Give the account a Name, then select the Track depreciation of this asset checkbox

6. Enter the current value of your asset in the Original cost field and the As of date (If recording the loan, leave this blank)

7. When you're done, hit Save and Close.

You're all set!

Please don't hesitate to come back to Community, if you have any other questions.  We'd love to help!

There is not such account in the chart and it is impossible to add it. I am regreting to buy this QBO...