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CL1001a
Level 1

How do I record the selling of a domain name?

So, if I bought and then subsequently sold a domain name -- how would I record that on quickbooks? I'm stumped. 

1 Comment 1
GlinetteC
Moderator

How do I record the selling of a domain name?

Thanks for reaching out to the Community, CL1001a. I'm here to lend a hand.

 

You'll have to create an income account for the domain name and record it as a bank deposit. Here's how:

  1. Go to the Gear icon (⚙) > Chart of Accounts.
  2. Click New. Under Account Type, select Income or Other Income.
  3. Browse and select a Detail Type that most closely matches the new account's purpose.
  4. Enter a Name for the account
  5. Click Save and close.

To record as a bank deposit:

 

  1. Click + New and select Bank deposit.
  2. Enter the required fields.
  3. Click Save and close.

I've got you these articles for additional reference:

 

 

Drop a comment below if you have any additional questions. I'll be right here to help.

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