asset account

the issue is the loan is part of the car value as is the down payment.

IF, if the car was bought before the Jan 1 start date …

edit the starting entry for the car fixed asset and lower the value to 14,500

create a long term liability account named for the […]

Resolution for 'asset account issue: 'Have a car entered as fix asset. Started new with QB on January 1st. How do I enter the payments already made?' available: Yes.

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

For more information about resolving issues related to asset account in Quickbooks/QBO or to get support for the issue 'Have a car entered as fix asset. Started new with QB on January 1st. How do I enter the payments already made?', click the link below:

Yes and no. You can create a current asset account and in QBO you are allowed to create an Expense from a current asset account in addition a bank type account.

Or you can perform a JE although name reporting will not be correct

Resolution for 'asset account issue: 'I have a mortgage loan that a portion of the payment goes to escrow for tax & ins. Should I set up a escrow acct in QBO and do journal entries when $ is disbursed?' available: Yes.

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

For more information about resolving issues related to asset account in Quickbooks/QBO or to get support for the issue 'I have a mortgage loan that a portion of the payment goes to escrow for tax & ins. Should I set up a escrow acct in QBO and do journal entries when $ is disbursed?', click the link below:

“that I pay for which are reimbursable to me from my clients.”

They are your expense. Enable Billable Expenses, mark these as billable, invoice the client and what you collect from client is now income. If your math is correct you neither make money nor lose money on the effort although […]

Resolution for 'asset account issue: 'Transfer vs expense to an asset account?' available: Yes.

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

For more information about resolving issues related to asset account in Quickbooks/QBO or to get support for the issue 'Transfer vs expense to an asset account?', click the link below:

Contractor Edition; Ex., Total invoice for $50,000 less Retainage $5,000= $45,000. Retainage is sent to an asset account until invoiced. Payment received is $45,000. P&L on Cash basis shows the total amount of $50,000 as income. Why? This is incorrect. Any suggestions?

I at first though you meant that you received […]

Resolution for 'asset account issue: 'Cash income reflects total amount of invoice including amount withheld for retainage.' available: Yes.

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

For more information about resolving issues related to asset account in Quickbooks/QBO or to get support for the issue 'Cash income reflects total amount of invoice including amount withheld for retainage.', click the link below:

If you loaned money personally, then nothing is entered in the business accounting

if the business loaned money, create a current asset account called due from [name]

use that due from asset account as the expense for the check you wrote to the friend

Resolution for 'asset account issue: 'I have given short term loan one of my friend. How to record it in QuickBooks online?' available: Yes.

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

For more information about resolving issues related to asset account in Quickbooks/QBO or to get support for the issue 'I have given short term loan one of my friend. How to record it in QuickBooks online?', click the link below:

Treat the “destroyed/returned” the same as a Deposit. Deposit back to the other asset account. Now the check and this deposit clear against each other next reconciliation and net 0, but you have Both Transactions for reference.

Resolution for 'asset account issue: 'Handling Returned Security Deposit Checks' available: Yes.

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

For more information about resolving issues related to asset account in Quickbooks/QBO or to get support for the issue 'Handling Returned Security Deposit Checks', click the link below:

all costs to build out a property are part of the final cost

create an asset account called WIP-[address] and post all costs to that account

Resolution for 'asset account issue: 'I am setting up QB for a real estate development company. We are in the process of building on the land. How do I record expenses such as tree removal service?' available: Yes.

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

For more information about resolving issues related to asset account in Quickbooks/QBO or to get support for the issue 'I am setting up QB for a real estate development company. We are in the process of building on the land. How do I record expenses such as tree removal service?', click the link below:

Ghana may have its own requirements so you should check with a local accountant, but basically

create an income account called gain/loss on asset sales

if you have been posting depreciation, then calculate and post partial year depreciation, then journal entries

debit gain loss, credit fixed asset for the balance in the fixed […]

Resolution for 'asset account issue: 'what are the processes for recording sale of fixed assests' available: Yes.

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

For more information about resolving issues related to asset account in Quickbooks/QBO or to get support for the issue 'what are the processes for recording sale of fixed assests', click the link below:

Here is a step by step for what it sounds like you want to know.

Set the vehicle up as an inventory item. (If you need help with selecting accounts or a good example of the setup, PM me and I can give you exact screenshots and […]

Resolution for 'asset account issue: 'Cost of Goods accounting for used car dealership' available: Yes.

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

For more information about resolving issues related to asset account in Quickbooks/QBO or to get support for the issue 'Cost of Goods accounting for used car dealership', click the link below:

Details

asset account

asset account: Have a car entered as fix asset. Started new with QB on January 1st. How do I enter the payments already made?

asset account: I have a mortgage loan that a portion of the payment goes to escrow for tax & ins. Should I set up a escrow acct in QBO and do journal entries when $ is disbursed?

asset account: Transfer vs expense to an asset account?

asset account: Cash income reflects total amount of invoice including amount withheld for retainage.

asset account: I have given short term loan one of my friend. How to record it in QuickBooks online?

asset account: Handling Returned Security Deposit Checks

asset account: I am setting up QB for a real estate development company. We are in the process of building on the land. How do I record expenses such as tree removal service?

asset account: what are the processes for recording sale of fixed assests

asset account: Cost of Goods accounting for used car dealership

asset account: A loan of $2500 (to boss’s buddy) traded for a forklift. How do I record that?