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I am working on QBO accountant platform and I have a customer that he posses some machinery and equipment's. I want to know if I can use the Essential subscription to manage, track and depreciate those assets or I will need to use the Plus subscription.
Solved! Go to Solution.
Hi there, @valentma30.
Thanks for asking us here in the Community. At the moment, the tracking of asset depreciation feature isn't available in QuickBooks Online (QBO).
As a workaround, you'll have to write a journal entry to depreciate your asset account.
You can also set the depreciation journal entry to recurring to automate it. Here's how:
You can check this article as your reference on recording and depreciating assets in QBO.
For future reference, read through this article in case you'll need some easy steps in reversing a journal entry in QuickBooks.
Let me know if you have follow-up questions below. I'm always around to answer your concerns.
You need to have an additional app to calculate and register the journal entry for the depreciation automatically.
Hi there, @valentma30.
Thanks for asking us here in the Community. At the moment, the tracking of asset depreciation feature isn't available in QuickBooks Online (QBO).
As a workaround, you'll have to write a journal entry to depreciate your asset account.
You can also set the depreciation journal entry to recurring to automate it. Here's how:
You can check this article as your reference on recording and depreciating assets in QBO.
For future reference, read through this article in case you'll need some easy steps in reversing a journal entry in QuickBooks.
Let me know if you have follow-up questions below. I'm always around to answer your concerns.
You need to have an additional app to calculate and register the journal entry for the depreciation automatically.
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