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Level 2

Can i add FIXED ASSETTS to the chart of accounts in QB self employed version ?

Hi QB friends, Can i add FIXED ASSETTS to the chart of accounts in QB self employed version ?

 

I will buy a commercial van for the business and want to add it to "Fixed Assets" if possible.

 

Regards John.

Solved
Best answer May 08, 2019

Accepted Solutions
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Level 15

Can i add FIXED ASSETTS to the chart of accounts in QB self employed version ?

No you can not do that in QBSE

QBSE does not allow for any new accounts (categories) to be created
QBSE does not have sales receipts, only invoices
QBSE does not have the class function
QBSE does not do recurring transactions
QBSE does not keep a customer or job listing
QBSE does not have a balance sheet so you can not enter the cost or the depreciation for a car/equipment
QBSE does not do inventory or cost of goods sold
QBSE can not do payroll
QBSE does not do any associated IRS forms, like home office deductions or depreciation
QBSE will not accept a banking file formatted as .qbo (a standard intuit type of file)

QBSE does not do sales tax either (not schedule C related but critical to a business)

View solution in original post

2 REPLIES 2
Highlighted
Level 15

Can i add FIXED ASSETTS to the chart of accounts in QB self employed version ?

No you can not do that in QBSE

QBSE does not allow for any new accounts (categories) to be created
QBSE does not have sales receipts, only invoices
QBSE does not have the class function
QBSE does not do recurring transactions
QBSE does not keep a customer or job listing
QBSE does not have a balance sheet so you can not enter the cost or the depreciation for a car/equipment
QBSE does not do inventory or cost of goods sold
QBSE can not do payroll
QBSE does not do any associated IRS forms, like home office deductions or depreciation
QBSE will not accept a banking file formatted as .qbo (a standard intuit type of file)

QBSE does not do sales tax either (not schedule C related but critical to a business)

View solution in original post

Highlighted
Level 2

Can i add FIXED ASSETTS to the chart of accounts in QB self employed version ?

Hi Rustler, thanks so much for answering that question today, it solved the issue.