Good day, oonyona08.
In QuickBooks Online, you can easily set up asset. Here's how you can do it:
- Click the Gear icon.
- Under Your Company, choose Chart of Accounts.
- On the top right, select New.
- Under the Account type, select either Fixed Asset or Other Asset.
- Choose the detail type that best describes the asset, then click Next.
- Name the account.
- If you mark the Track depreciation of this asset box, the system will automatically create a Depreciation subaccount for the item.
- Fill in the original cost fields.
- If you’re only recording the loan for the asset, please leave this blank
- Select Save and Close.
I've added a screenshot below for you to see it.
Don't hesitate to post again if you have any questions about QuickBooks. Have a good one!