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shamannm223
Level 1

Can i treat asset

 
1 Comment 1
Angelyn_T
QuickBooks Team

Can i treat asset

Glad to have you here on the Community page, @shamannm223.

 

If you're trying to create an asset account in QuickBooks Online, you can set this up under the Chart of Accounts

 

Here's how:

 

  1. From the Gear icon, select Chart of Accounts.
  2. On the Chart of Accounts page, click on Add new.
  3. Choose either Fixed Assets or Other Assets from the Account Type drop-down.
  4. From the Detail Type drop-down, pick the option that most closely describes the asset.
  5. Name the account.
  6. If you have an opening balance of that asset, add the amount under the Balance section or the Original cost of the asset and the as of date. (If you wish to track the depreciation of that asset, tick the box beside Track depreciation of this asset section.)
  7. When you're done, select Save and Close.

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To increase the balance of your asset, you can record transactions using that account.

 

For more information about the asset accounts, you can check out these articles:

 

 

Leave a comment below if you have any other questions and if you're referring to something else. I'm a post away to help. Have a great day!

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