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desert3190
Level 1

There are some fixed assets but the value is not there it says zero, How do I add the value?

 
1 Comment 1
MAnneJ
QuickBooks Team

There are some fixed assets but the value is not there it says zero, How do I add the value?

I can guide you through tracking your fixed assets in the Journal Entry in QuickBooks Online (QBO), @desert3190

 

If you have a QBO Advanced subscription, we have our newest Auto-track fixed assets feature, which automatically tracks the value of your fixed assets. Otherwise, we need to manually track the fixed assets and add their value using a Journal Entry. 

 

Here's how: 

 

  1. Go to the +New button.
  2. Under Other, select Journal entry.

    JE plus new.JPG

  3. Set the Date of the entry.

    JE page.JPG

  4. Under the Account columnyou'll need to create a fixed assets account

    Fixed asset acct.JPG

  5. Fill out all the necessary fields.
  6. Once done, click Save and close

 

By doing this, you can easily track the records of your fixed assets in QBO. 

 

Also, after setting up your assets, you can record their depreciation: Depreciate assets.

 

In addition, you'll want to check this link for your reference on how to print a journal entry report in QuickBooks Online: Print a journal entry report in QuickBooks Online.

 

Feel free to reply to this thread if you need additional assistance managing your fixed assets and any QuickBooks-related concerns. I'll be on the lookout. Stay safe. 

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