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lynnnathen-gmail
Level 1

WE BOUGHT A PRINTER I CREATED AN ACCOUNT CALLED COMPUTER EXPENSES BUT I KNOW IT BELONGS TO AN ASSET ACCOUNT BUT THE OPTIONS ARE LIMITED IN QB, CAN SOMEONE ADVISE ME?

 
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GlinetteC
Moderator

WE BOUGHT A PRINTER I CREATED AN ACCOUNT CALLED COMPUTER EXPENSES BUT I KNOW IT BELONGS TO AN ASSET ACCOUNT BUT THE OPTIONS ARE LIMITED IN QB, CAN SOMEONE ADVISE ME?

I can help you, lynnnathen-gmail.

 

In QuickBooks Online, you can create an asset account to track the value of your assets. I'll show you how:

 

  1. Go to Settings, then select Chart of Accounts.
  2. Select New.
  3. From the Account Type ▼ drop-down, select Fixed Assets.
  4. From the Detail Type ▼ drop-down, select the option that closely describes the asset.
  5. Name the account, then select the Track depreciation of this asset checkbox.
  6. Enter the current value of your asset in the Original cost field and the as of date. If recording the loan, leave this blank.
  7. Select Save and Close.

Also, I would suggest consulting with your accountant for assistance. This is to ensure the accuracy of your books.

 

You can also check the chart of accounts to understand what each account is for and what it does.

 

Drop me a comment below if you have any other questions creating account in QBO. I'm here to help.