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How to I enter fixed assets into a budget? It appears that it is only possible to create a P&L.

 
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Best answer 07-17-2019

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QuickBooks Team

Re: How to I enter fixed assets into a budget? It appears that it is only possible to create a P&...

Hi bchisum,

 

Only the depreciation cost of your fixed asset can be entered in your budget. However, I'd recommend consulting your accountant to learn how to properly handle this.

 

Feel free to read this article for more information: How to create, edit, and manage budgets.

 

You might also want check this handy article in case you need future reference: Reports and accounting for QuickBooks Online.

 

If you need help with anything else, please don't hesitate to swing by anytime.

3 Comments
QuickBooks Team

Re: How to I enter fixed assets into a budget? It appears that it is only possible to create a P&...

Hi bchisum,

 

Only the depreciation cost of your fixed asset can be entered in your budget. However, I'd recommend consulting your accountant to learn how to properly handle this.

 

Feel free to read this article for more information: How to create, edit, and manage budgets.

 

You might also want check this handy article in case you need future reference: Reports and accounting for QuickBooks Online.

 

If you need help with anything else, please don't hesitate to swing by anytime.

Established Member

Re: How to I enter fixed assets into a budget? It appears that it is only possible to create a P&...

Hi Shiella,

 

Thank you for your response.  It is very disappointing to hear that QB Budgeting doesn't include fixed assets - budgeting without consideration for planned fixed asset purchases would not be a wise practice for my business, so this makes the budgeting feature useless for me.  Is this something that QB intends to resolve at any point in the future?  

 

Best,

Brad

Moderator

Re: How to I enter fixed assets into a budget? It appears that it is only possible to create a P&...

I appreciate you sharing your thoughts with us, @bchisum.

 

QuickBooks Online is constantly uncovering ways to make sure that your product meets your needs based largely on the suggestions of users, like yourself. I'll also pass along this preference to our developers so this will be taken care of.

 

I'd encourage you to visit our QuickBooks Online Blog to be updated with our latest news and updates including product improvements. 

 

Also, I've included here some resources that can help you in exploring the features in QuickBooks Online:

Please know that the Community got you covered with any QuickBooks concern. Feel free to visit us here. More power to your business!