Hello there, @Newvin.
To record the sale of your business property, you can create a journal entry that will debit the bank and credit the asset accounts. It's best to reach out to your accountant for advice on how to record this transaction properly to ensure the accuracy of your books. If you don't have one, you can find an accountant near you.
Once everything's good, here's how to create a journal entry:
1. Select + New.
2. Click Journal entry.
3. Select an account from the Account field on the first line. Enter the amount in the appropriate column depending on whether you need to debit or credit the account.
4. On the next line, choose the other account you're moving money to or from, then enter the same amount in the opposite column.
5. Review the amounts - you should have the same amount in the Credit column on one line and the Debit column on the other. It means the accounts are in balance.
6. In the memo section, write down details that may help you remember why you created the journal entry.
7. Click Save and new or Save and close.
I've also added this article that can guide you in transferring funds between accounts in QBO: Transfer Funds Between Accounts.
Please let us know if you need additional assistance with your transactions. We're always available to help. Have a great day!
