Connect with and learn from others in the QuickBooks Community.
Go to Solution.
Thanks for reaching out to the Community space, @chavianohandyman.
You can set up a fixed asset account for this in the Chart of Accounts. This way, you can track and enter any payments associated with that vehicle.
However, I'd suggest consulting an accountant. They can provide more expert advice in dealing with this concern to ensure your book is accurate.
I've added these articles to learn more about Chart accounts and how to set it up in QuickBooks:
Please post again in the Community if you need anything else. I’ll be more than happy to help. Thanks for dropping by and take care!
View solution in original post