Need a Gain/Loss on Sale of Asset' account but it is nowhere in the COA.

yennyord · ‎October 15, 2018

I need to record gain on sale of a property. i don't see gain/loss on sale of asset as a choice under Income or Other Income categories in the COA. What can I do? I have QB Online. Thanks

vpcontroller · ‎October 15, 2018

Select Chart of Accounts for Gain/Loss on Sales of Asset as Other Miscellaneous Income

Category Type: Other Income

Detail Type: Other Miscellaneous Income

Name: Gain/Loss on Sale of Asset

Description: Gain/Loss on Sale of Asset

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vpcontroller · ‎October 15, 2018

Select Chart of Accounts for Gain/Loss on Sales of Asset as Other Miscellaneous Income

Category Type: Other Income

Detail Type: Other Miscellaneous Income

Name: Gain/Loss on Sale of Asset

Description: Gain/Loss on Sale of Asset

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Need a Gain/Loss on Sale of Asset' account but it is nowhere in the COA.

Need a Gain/Loss on Sale of Asset' account but it is nowhere in the COA.

Need a Gain/Loss on Sale of Asset' account but it is nowhere in the COA.

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