Hello, I purchase a truck a while back I entered it as an asset in QB but now I sold the truck how to I enter this payment

I’ll help you record the payment in QuickBooks, @yamileth-palletm.

In QuickBooks Online, you can create a journal entry to record the payment and eliminate the asset from your records. This way, the program will completely remove all traces of this asset from your balance sheet.

Here’s how:

1. Click the + New button, then choose Journal entry.
2. Select an account from the Account field.
3. On the second line, select the other account you're moving money to or from. Depending on if you entered a debit or credit on the first line.
4. Enter the amounts.
5. You can also enter information in the memo section so you know why you made the journal entry.
6. Select Save and close.

Before performing the steps, I’d recommend contacting an accountant. They can provide additional information to ensure books remain accurate.

You might want to visit this reference to learn more about assets in QuickBooks: Assets and liabilities. It has details that can help you make better financial decisions.

If you have any other questions or concerns besides entering asset payment, just let me know. I’ll be here anytime to help. Have a good one!

You will create a journal entry. You will not credit sales unless you are in the business of buying and selling vehicles. 

Your entry will look like this:

Debit Cash Account

Debit Accumulated depreciation

Credit Asset

Credit Other income

Credit or Debit Loss or Gain on sale of vehicle