QB Issue Resolution:

You can set up a mortgage account then enter the loan amount as an opening balance. After that, edit the checks you wrote to allocate them.

 

To set up a mortgage account:

 

  1. From the QuickBooks Lists menu, choose Chart of Accounts.
  2. Right-click anywhere and click New.
  3. Create a loan account.
    1. Click the Other Account Types drop-down and choose Long Term Liability, then click Continue.
    2. In the Name field, enter the name of the loan.
    3. Click the Enter Opening Balance button and in the Opening Balance field, enter the full (beginning) amount of the loan.
    4. In the as of field, enter the loan origination date.
    5. Click Save & New.
  4. Create an escrow account.
    1. From the Type drop-down list, choose Other Current Asset.
    2. Enter a name for the account (Escrow, for example), the Opening Balance amount (if there have been any prior payments), and the as of date.
    3. Click Save & New.
  5. Create an expense account.
    1. From the Type drop-down list, choose Expense.
    2. Enter a name for the account (Interest, for example).
    3. Click OK.

You can get detailed information in this article: https://quickbooks.intuit.com/community/Help-Articles/Set-up-a-mortgage/m-p/202617.

 

If you wish to affect the mortgage account and the asset account, you can do this through journal entry, however, the assistance of an accountant is a must.

 

You may find this article helpful: https://quickbooks.intuit.com/community/Help-Articles/Manually-track-loans/td-p/201281.

Resolution for Issue 'Fixed Asset' available: Yes (Solved).
Source: Intuit Community forum.

Fixed Asset: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

Support for fixed asset
Quickbooks Repair Pro will resolve it efficiently and affordably. Guaranteed resolution of your issue, or you pay nothing!

Error Recovery for fixed asset [Canada]
E-Tech is the #1 Quickbooks data migration and Conversion service provider.

Get 50% off Quickbooks Online

Click Here for 50% off!

Additional Support Options: