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cglholdings
Level 1

How do you delete a fixed asset in QBO? I have checked the Chart of Accounts, and went to the Register section, and there is no option to delete. Includes sub accounts.

 
3 Comments 3
vpcontroller
Level 11

How do you delete a fixed asset in QBO? I have checked the Chart of Accounts, and went to the Register section, and there is no option to delete. Includes sub accounts.

@cglholdings 

You're right, there is no option to permanently delete Account in QBO. You can make the account INACTIVE from the drop-arrow next to the View Register under Action column.

 

If it's a sub-account, you may first need to uncheck the sub-account box for that account and save it. And then make it inactive. Also, make sure there is no balance amount in the account.

 

Hope this helps!

cglholdings
Level 1

How do you delete a fixed asset in QBO? I have checked the Chart of Accounts, and went to the Register section, and there is no option to delete. Includes sub accounts.

Is there a way for me to change it to an expense? My issue is that I added it as a fixed asset by mistake, its a piece of equipment. But I want to expense it per the new tax rules. 

ShiellaGraceA
QuickBooks Team

How do you delete a fixed asset in QBO? I have checked the Chart of Accounts, and went to the Register section, and there is no option to delete. Includes sub accounts.

Hi cglholdings,

 

You can edit your existing fixed asset account and change the account type to expense. Let me walk you through the steps.

  1. Go to Accounting, then Chart of Accounts.
  2. Look for the account you want to change, then click the drop-down arrow beside the View register or Run report link.
  3. Select Edit. Then, update the Account information window.
  4. Hit Save and Close. Then, Yes when prompted.

After that, run a report of your newly edited account by clicking the Run report link.

 

You can also check these articles for your additional reference.

The Community is always here if you have questions. I'm always here for you. Have a good one.

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