Hi there, oboero2.
I'd be glad to help you with how to pay an asset in QuickBooks Online.
You'll need to manually track depreciation using journal entries. Then, separate the 90% from a business checking account and 100% from your personal checking account. Let me guide you on how to create an asset account:
- Hover your mouse to the Accounting menu and click Chart of Accounts.
- Select New at the upper-right.
- From the Account Type dropdown, select Fixed Assets or Other Assets.
- In the Detail Type dropdown, select the option that closely describes the asset.
- Name the account and the rest of the account info.
- Select Save and Close.
To help set up and keep track of your depreciation assets, you can click here.
Also, it would be best to ask for professional advice from a tax expert or an accountant. This way, they can provide you with the right info and verify if it is audited by the IRS.
For additional information on this, I recommend the following articles:
If you have any other concerns or questions about QuickBooks, post a comment below. Please know the Community always has your back. Wishing you the best.
