Hi there, Gary Cruse.
Welcome back to the QuickBooks Community. I'll ensure you're able to see or reflects the transactions accurately in QuickBooks Online.
Since you claiming the full cost of the work van in the AIA box on the Self Assessment Return for 2020/2021, I suggest creating a journal entry. This is to transfer some amounts into another account to ensure the balance sheet for the new tax year will not show anymore the Asset. To ensure your records are in shipshape, I suggest consulting an accountant before performing the process. They can provide suggestions on how to properly handle transactions, especially with the category/account to use for the debit and credit.
Here's how to create JE:
- Click the + New icon.
- Choose Journal entry.
- On the first line, select an account from the Account field. Then, enter the amount in the correct column.
- On the next line, choose the other account you're moving money to or from. Depending on if you entered a debit or credit on the first line, enter the same amount in the opposite column.
- Review the amounts. Then, enter information in the memo section so you know why you made the journal entry.
- Hit Save and new.
To view further details, you can click this article: Create a journal entry in QuickBooks Online.
Please refer to this article to see steps on how you can reverse a journal entry to swap the debits and credits or delete it entirely: Reverse or delete a journal entry in QuickBooks Online.
Keep in touch if you need any more assistance with this, or there's something else I can do for you. I've got your back. Have a good day and take care always.
