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gabe-l-mcmillen-
Level 1

Why is quickbooks considering the money I have spent on gasoline as an asset?

 
3 Comments 3
Pete_Mc
Community Champion

Why is quickbooks considering the money I have spent on gasoline as an asset?

My first guess is that you did not attach it to an Expense Account.   Auto Expense or something like that.

john-pero
Community Champion

Why is quickbooks considering the money I have spent on gasoline as an asset?

My second guess is QB thinks you are buying fuel to resell so it codes it as inventory (asset)

gabe-l-mcmillen-
Level 1

Why is quickbooks considering the money I have spent on gasoline as an asset?

I think you are correct. I need to figure out how to change this.

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