QBSE does not do balance sheet accounting, there is no fixed asset category to choose from, and you can not make any new expense categories at all, depreciation expense.

QBSE does not follow the schedule C in all aspects as it purports to.

There is really no option in QBSE to handle […]

Resolution for 'asset category issue: 'In Self-Employed, I have an asset purchase (computers) that is under the $2,500 limit for being expensed, but I would like to depreciate it instead. How do I tell SE?' available: Yes.

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

For more information about resolving issues related to asset category in Quickbooks/QBO or to get support for the issue 'In Self-Employed, I have an asset purchase (computers) that is under the $2,500 limit for being expensed, but I would like to depreciate it instead. How do I tell SE?', click the link below: