Hi there, @robinz46.
You can create a Journal entry to track the car as an asset and record the depreciation. But before we proceed with the steps, I highly suggest consulting your accountant or accounting professional for guidance on which account receives the debit and credit side of the transaction. Since every business structure is unique, they can help determine the correct recording.
To create a journal entry, here's how:
- Click the Company menu at the top.
- Choose Make General Journal Entries.
- Fill out the fields to create your journal entry.
- Pick Save and new or Save and close.
To learn more about recording journal entries, take a look at this article: Create a journal entry in QuickBooks Desktop for Windows or Mac.
You can also check this resource which you may find helpful: Used Fixed Asset Manager in QuickBooks Desktop.
Keep me posted if you have any additional questions, as I'm always here to help. Take care.
