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Level 1

Assets Depreciation and Payroll System

Is there is option to calculate the assets depreciation in quick books ?

 

and is there is payroll system in quick books ?  

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QuickBooks Team

Assets Depreciation and Payroll System

Hi, Mohammed 002,

 

We can only set up a depreciation account in QuickBooks Online. Calculating assets depreciation is currently unavailable.

 

In QuickBooks, we only offer payroll service to the following countries:

 

  • United States
  • Canada
  • United Kingdom
  • Australia

 

However, you can look for a third-party payroll app that can integrate with the system. I recommend contacting the app's Customer Support Team to confirm if they can connect with QBO.

 

Once verified, they can help you with the integration setup. For more details, go through this article: Third-party payroll integration.

 

Let me share this article on how to set up and record the depreciation: Depreciate assets in QuickBooks Online.

 

I hope this helps.