cancel
Showing results for 
Search instead for 
Did you mean: 
Not applicable

How can I move Balance sheet items from Expense to Assets? (ie: Office Furniture, Construction, etc).. Initially, we added as Expense, but accountant said it is asset.

 
1 Comment
Highlighted
QuickBooks Team

Re: How can I move Balance sheet items from Expense to Assets? (ie: Office Furniture, Constructio...

Thank you for dropping a post, @healthnowmedical.

 

If you're referring to changing the account types of the accounts you've set up under the Chart of Accounts, then, you can simply follow these steps:

 

  1. Log in to your QuickBooks Online (QBO) account.
  2. Go to the Gear icon, then select Chart of Accounts.
  3. Look for the account's name (Office Furniture), then click on the drop-down arrow under Action.
  4. Click on Edit, modify the account type to Fixed Assets under the Account Type section.
  5. Click on Save and close.
  6. Select Yes to confirm the changes.

You can see attached screenshots for additional reference.

p25 4.PNG I'm also adding this article for your future reference about editing accounts in QBO: Edit Your Chart of Accounts.

 

You've got me here if you have any other questions and clarifications. I'm always here available to help!

Need to get in touch?

Contact us