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accumulated depreciation: Will a journal entry fix the accumulated depreciation being entered as a debit instead of a credit when the company was transferred from the old accounting software?

If a balance sheet account, open the account register and change the opening balance transaction.

If an income/expense account, create a quickreport of the account for dates including the opening transaction date, then double click it to open it for edit and then change it as needed.

Resolution for 'accumulated depreciation issue: 'Will a journal entry fix the accumulated depreciation being entered as a debit instead of a credit when the company was transferred from the old accounting software?' available: Yes.

The accumulated depreciation 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 accumulated depreciation issue yourself by looking for a resolution described in the article. If it is a complex accumulated depreciation issue or you are unable to solve the issue, you may contact us by clicking here or by using other accumulated depreciation support options.

For more information about resolving issues related to accumulated depreciation in Quickbooks/QBO or to get support for the issue 'Will a journal entry fix the accumulated depreciation being entered as a debit instead of a credit when the company was transferred from the old accounting software?', click the link below:

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accumulated depreciation: I am a sole-p. My accumulated depreciation is showing up in my retained earnings on my balance sheet every year. Why would this be happening and how do I fix it?

You will need to check the transaction that entered the accumulated depreciation

it should be a journal entry

debit depreciation expense $$$
credit accumulated depreciation- name of fixed asset (this should be a sub fixed asset account of the equip fixed asset account) $$$

Resolution for 'accumulated depreciation issue: 'I am a sole-p. My accumulated depreciation is showing up in my retained earnings on my balance sheet every year. Why would this be happening and how do I fix it?' available: Yes.

The accumulated depreciation 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 accumulated depreciation issue yourself by looking for a resolution described in the article. If it is a complex accumulated depreciation issue or you are unable to solve the issue, you may contact us by clicking here or by using other accumulated depreciation support options.

For more information about resolving issues related to accumulated depreciation in Quickbooks/QBO or to get support for the issue 'I am a sole-p. My accumulated depreciation is showing up in my retained earnings on my balance sheet every year. Why would this be happening and how do I fix it?', click the link below:

Details

accumulated depreciation: I am using QBO to set up multiple large fixed assets for a new company. Can you tell me if I am doing it correctly?

I would put the purchased expense under the original cost subaccount, and then when the accountant gives me the depreciation schedule I will do a journal entry crediting the Accumulated Depreciation subaccount and debiting the existing depreciation {other expense} account.

Resolution for 'accumulated depreciation issue: 'I am using QBO to set up multiple large fixed assets for a new company. Can you tell me if I am doing it correctly?' available: Yes.

The accumulated depreciation 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 accumulated depreciation issue yourself by looking for a resolution described in the article. If it is a complex accumulated depreciation issue or you are unable to solve the issue, you may contact us by clicking here or by using other accumulated depreciation support options.

For more information about resolving issues related to accumulated depreciation in Quickbooks/QBO or to get support for the issue 'I am using QBO to set up multiple large fixed assets for a new company. Can you tell me if I am doing it correctly?', click the link below:

Details

accumulated depreciation: Do I have to manually enter in the of a Fixed Asset?

If your accountant uses the QuickBooks Fixed Asset Manager and you track your fixed assets with fixed asset items, you may not need to enter depreciation transactions. Ask your accountant for more information.

Go to the Lists menu and click Chart of Accounts.

Double-click the subaccount that tracks accumulated depreciation for the […]

Resolution for 'accumulated depreciation issue: 'Do I have to manually enter in the of a Fixed Asset?' available: Yes.

The accumulated depreciation 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 accumulated depreciation issue yourself by looking for a resolution described in the article. If it is a complex accumulated depreciation issue or you are unable to solve the issue, you may contact us by clicking here or by using other accumulated depreciation support options.

For more information about resolving issues related to accumulated depreciation in Quickbooks/QBO or to get support for the issue 'Do I have to manually enter in the of a Fixed Asset?', click the link below:

Details