how to record a fixed asset purchase in quickbooks online
If you are a business owner or accountant, you may need to know how to record a fixed asset purchase in QuickBooks Online in order to accurately track the purchase of a long-term asset for your business. This information is important for keeping accurate financial records and for filing taxes. Knowing how to record a fixed asset purchase in QuickBooks Online can help you ensure that your business is compliant with tax laws and that you are accurately tracking the purchase of long-term assets.
Grace Everwood
|
16 steps
|
45 seconds
QuickBooks
1
Go to [https://quickbooks.intuit.com/](https://quickbooks.intuit.com/) and log in to your QuickBooks Online account.
2
Click the "+ New" button in the top right corner of the page.
3
Select "Vendor" from the drop-down menu.
4
Select "Pay Bills" from the list of options.
5
Select the vendor you are paying from the "Pay From" drop-down menu.
6
Select the account you are paying from the "Account" drop-down menu.
7
Enter the amount of the purchase in the "Amount" field.
8
Select the "Fixed Asset" checkbox.
9
Enter the asset name in the "Asset Name" field.
10
Enter the purchase date in the "Date" field.
11
Enter the asset description in the "Description" field.
12
Enter the asset cost in the "Cost" field.
13
Enter the asset location in the "Location" field.
14
Enter the asset serial number in the "Serial Number" field.
15
Enter the asset purchase order number in the "Purchase Order Number" field.
16
Click the "Save & Close" button.