QB Issue Resolution:
You say this is a new fixed asset, does that mean you have purchased it? You normally only enter the value on the new account screen for an asset you already have when you are starting the chart of accounts.
Assuming you did this during the account set up, it is a two step process to fix it
Open the chart of accounts, find the new fixed asset, click use register for the depreciation sub account, click on the amount and then click the delete button
Re-open the chart of accounts and insure the fixed asset account and sub accounts are now zero
click use register for the cost sub account, make a new entry as an increase, enter the amount, and as the account select opening balance equity (or if you are taxed as sole proprietor select owner equity), save
re-open the chart of accounts and insure the cost amount is a positive number, and the accumulated depreciation account is zero
Resolution for Issue 'How do you edit a fixed asset? I entered the original cost in the depreciation field and left the original cost blank.' available: Yes (Solved).
Source: Intuit Community forum.
How do you edit a fixed asset? I entered the original cost in the depreciation field and left the original cost blank.: 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 cost amount
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