In what account should power tools, hand tools or ladders be in online quickbooks?

Hi there, @roseochoa44.

I hope your day is going well. Allow me to share some information on where you can place your equipment in QuickBooks Online.

Before going into detail, I'd first reach out to your accountant to ensure that your books are accurate.

These items can't immediately be recorded as an expense, but the equipment can be marked as fixed assets.

To set up an asset in QB Online here's how:

1. In the right-hand corner, choose the Gear icon.
2. Under Your Company section, select Chart of Accounts.
3. On the top right, click on New.
4. Under the Account Type, go to either Fixed Asset.
5. Choose the detail type that best describes the asset, the pick Next.
6. Name the account.
7. If you check the Track Depreciation of this asset box, QB Online will create a Depreciation sub-account for that item.
8. Enter the original cost fields.
9. Click on Save and Close.

For more information about Depreciate assets, refer to this article: Depreciate Assets in QuickBooks Online

That should do it. Please let me know if the information provided done the trick. I'm always a few clicks away if you need anything else. Have a great rest of your day!

Hello, you responded to my question a while back about entering tool on quickbooks online.  But I am thinking more of small tools and power tools that were expensed during the year and in a event of closing my business, how do I account for those miscellaneous tool that I still have.  I am not talking about tools that  are on the assets account. I hope you can answer this question.  Thanks.