QuickBooks Desktop | Purchase and Record Fixed Assets

QuickBooks Desktop | Purchase and Record Fixed Assets

Well, when your business starts growing, you find yourself in a position to buy assets that can provide benefits to your business for many years and in accountancy field, such assets are called “fixed assets” and It may include, building, computers, furniture, land, machinery, vehicles, etc, and in this tutorial I will talk about purchasing and recording fixed assets in QuickBooks desktop.

I hope this tutorial will be helpful for someone out there and Thanks for Watching & Don't Forget To Like, Share & Subscribe.

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[historiccocoavillage]

Very Helpful, lol I could not easily find the "List" for writing the check against asset until I watched this video. Thank You.

[Nenita]

Hi Javed - how do you make the Asset Name as the sub account of Furniture & Fixtures asset account? I followed your tutorial on this and I have created the 3 steps (the assets account name, cost price, accu dep) but why is it the asset name only shows as the subaccount of Furniture & Fixtures?

[thebattagramians]

You didn’t explain what if someone pays in cash? How would you record the same entry in quick book?

[MegaRepairs]

How to record a purchase of a financed fixed asset? from credit card with declining balance method from CRA (Canada Revenue Agency) class 50 55% half-year rule applied I have 13% HST ITC tax at the time of purchase. please help.