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dforinger97-gmai
Level 1

How do I depreciate equipment on quick books?

 
2 Comments 2
MarshallA
Intuit

How do I depreciate equipment on quick books?

Hello,

 

You cannot track depreciated in QB Self-Employed.

 

If you are using QB Online (SimepleStart, Essentials, Plus or Advanced) you can decrease the value of the asset account and then increase the depreciation expense account.

 

As I stated though, you cannot do this in self-employed.  You need to be using one of the versions of QuickBooks Online.

Fiat Lux - ASIA
Level 15

How do I depreciate equipment on quick books?

@dforinger97-gmai 

You need to have the Journal Entry feature to do so. Consider switching to QBO.

https:// quickbooks.grsm.io/US

https:// quickbooks.grsm.io/us- promo 

 

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