Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
posted
You can create a journal entry to account for purchase of containers using asset finance, Bimal.
While I can provide the general steps for the JE process but, in your case, your accountant would know best in handling VAT reclaimable transaction in QuickBooks Online (QBO) to determine the best accounting treatment. If you don't have an accountant, consider looking for a QuickBooks ProAdvisor near you. Simply enter your location and the service you need: QuickBooks ProAdvisor.
Here are the steps in create a journal entry:
- Go to the +New.
- Under Other, select Journal Entry.
- Enter the debit and credits. Consult your accountant in selecting the correct categories.
- Pick a VAT code.
- Hit Save and Close.
Additionally, if you want to reverse or delete a JE in the future, refer to this article for further assistance: Reverse or delete a journal entry in QuickBooks Online.
I'll be here if you still have questions about your assets. Have a great day ahead.
