cancel
Showing results for 
Search instead for 
Did you mean: 
socexahmed
Level 2

In November 2021 company in the USA bought computer equipment in the name of a sister company located in Europe.

 In November 2021 company in the USA bought computer equipment in the name of a sister company located in Europe. Equipment was shipped to Europe in March 2022. USA company created an invoice for a sister company in Europe and Europe company will pay for that equipment in 2022. The computer equipment will become a fixed asset in Europe company books when it is shipped. How should we record these transactions in USA QuickBooks? Is the equipment bought actually an asset in USA books until it is sold to Europe? Is there a better way to book this?
3 Comments 3
Candice C
QuickBooks Team

In November 2021 company in the USA bought computer equipment in the name of a sister company located in Europe.

Good morning, @socexahmed

 

Welcome to the Community. I appreciate you coming here with your question. I hope your day is going well so far. 

 

Based on the details you gave, the best route would be to speak with your accountant about these transactions. They'll be able to give you accounting advice that would benefit your business in the end. 

 

Keep us updated on what your accountant says. We're always here to have your back. Take care! 

peterg12
Level 1

In November 2021 company in the USA bought computer equipment in the name of a sister company located in Europe.

APEC Business Travel Card: By making it simpler for business people to travel, APEC is enabling them to conduct their business, trade and investment more easily ...
 
socexahmed
Level 2

In November 2021 company in the USA bought computer equipment in the name of a sister company located in Europe.

I wanted to hear another opinion. The accountant has an opinion, I have mine and I wanted to double-check with the community. I would appreciate it if I get an answer to the question.

Sign in for expert help
Ask questions, post replies & join our community of QuickBooks users.

Need to get in touch?

Contact us