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Level 1

Old Asset needs to be removed

I am trying to clean up several old items in our Quickbooks.  We paid for a software upgrade in 2004 - none of which exists anymore.  On my balance sheet, It shows under Other Assets - Software Cost.  Then there is a line for Accum Amortization which zeroes it out.  But I want it to be removed completely.  Suggestions??

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QuickBooks Team

Old Asset needs to be removed

Hey there, @mhcostigan.

You can delete the old transactions that shows in the Balance Sheet report. This way, you can completely remove them in your company file.

 

Here's how:

 

  1. Open the Balance Sheet Standard report.
  2. Look for the Software Cost and double-click its amount to view the transactions.
  3. Double-click the old transaction that you wanted to be remove.
  4. Once opened, click the Delete icon and click OK.

 

Please take note that if this transaction has been paid (partially or in full), it will cause the payments to be unapplied. 

 

 

If you have any other concerns or questions, just tag my name in the comment section. I'll get back to you as soon as I can. Have a great day and stay safe.

 

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