How to do depreciation in QuickBooks Online | Scribe

    How to do depreciation in QuickBooks Online

    • Grace Everwood |
    • 0 step |
    • 2 minutes
    Go to [https://quickbooks.intuit.com/](https://quickbooks.intuit.com/)
    Navigate to the "Gear Menu".
    Select "All lists"
    Select "Chart of Accounts"
    Click "New"
    Select the asset account.
    Enter the accumulated depreciation account in the "Account name *" field.
    Click "Save"
    Navigate to [https://app.qbo.intuit.com/app/lists](https://app.qbo.intuit.com/app/lists)
    Click "New"
    Click "Journal entry"
    Enter the Journal Entry.
    Click "Save and close"
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