Thanks for the answer.
I'm very new to quick books, could you break you answer don a bit more for me, to point me in the right direction to create the various accounts you mention?
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:
To set up long term liability account, here's what you'll need to do:
To create a General Journal Entry, here's how:
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!