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asset: I am new to quickbooks and am using the Online Essentials version. I need to transfer personal photo equipment to my LLC, which was established in June 2018. My goal is to donate the equipment, not sell it the LLC. Proposed steps: Create vendor account in my own name Create a bill for each item to transfer from myself as payee and enter June 1, 2018 as bill date (does the date matter as long as it is after LLC was formed and before year end?) On first line select appropriate expense or fixed asset category, description of item, and fair market value for the amount On the second line, select Owner Investment as category, asset donation as description, and negative fair market value for the amount Would this work? Thanks

You are partially on the right track, you as member of LLC make an equity contribution of fmv and accumulated depreciation into the LLC. It is as simple as that.

Let’s say the equipment cost you $10,000 and you have already depreciated it by $3000. You would contribute an asset valued […]

Resolution for 'asset issue: 'I am new to quickbooks and am using the Online Essentials version. I need to transfer personal photo equipment to my LLC, which was established in June 2018. My goal is to donate the equipment, not sell it the LLC. Proposed steps: Create vendor account in my own name Create a bill for each item to transfer from myself as payee and enter June 1, 2018 as bill date (does the date matter as long as it is after LLC was formed and before year end?) On first line select appropriate expense or fixed asset category, description of item, and fair market value for the amount On the second line, select Owner Investment as category, asset donation as description, and negative fair market value for the amount Would this work? Thanks' available: Yes.

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

For more information about resolving issues related to asset in Quickbooks/QBO or to get support for the issue 'I am new to quickbooks and am using the Online Essentials version. I need to transfer personal photo equipment to my LLC, which was established in June 2018. My goal is to donate the equipment, not sell it the LLC. Proposed steps: Create vendor account in my own name Create a bill for each item to transfer from myself as payee and enter June 1, 2018 as bill date (does the date matter as long as it is after LLC was formed and before year end?) On first line select appropriate expense or fixed asset category, description of item, and fair market value for the amount On the second line, select Owner Investment as category, asset donation as description, and negative fair market value for the amount Would this work? Thanks', click the link below:

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asset: Three investors, including myself, purchased a home as a business investment. How do I enter the starting balance sheet (asset, equity) using my settlement statement?

You do not have starting balances unless you been conducting activity previously. You will enter the purchase direct from the HUD-1. I use a journal entry for the entire purchase. Start at the top of the buyer side. Enter purchase price as a debit to a Fixed Asset account for […]

Resolution for 'asset issue: 'Three investors, including myself, purchased a home as a business investment. How do I enter the starting balance sheet (asset, equity) using my settlement statement?' available: Yes.

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

For more information about resolving issues related to asset in Quickbooks/QBO or to get support for the issue 'Three investors, including myself, purchased a home as a business investment. How do I enter the starting balance sheet (asset, equity) using my settlement statement?', click the link below:

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asset: HOw can I get my P&L to show total only, by major account without showing sub accounts?

Click on the little arrows on the left of any account, to collapse or expand that account, when that account has Subaccount levels. Also, top right, Collpase/Expand button is here; you get to collapse all the way to One line for Asset, Liab and Equity, income and expense, with the […]

Resolution for 'asset issue: 'HOw can I get my P&L to show total only, by major account without showing sub accounts?' available: Yes.

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

For more information about resolving issues related to asset in Quickbooks/QBO or to get support for the issue 'HOw can I get my P&L to show total only, by major account without showing sub accounts?', click the link below:

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asset: In trail balance, is it possible to change a setting so that you can click on an account listed and see the ledger account in detail?

open the chart of accounts, double click on the account you are interested in

expense, income, and retained earnings accounts show a report, asset, equity, and liabilities show the account register

Resolution for 'asset issue: 'In trail balance, is it possible to change a setting so that you can click on an account listed and see the ledger account in detail?' available: Yes.

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

For more information about resolving issues related to asset in Quickbooks/QBO or to get support for the issue 'In trail balance, is it possible to change a setting so that you can click on an account listed and see the ledger account in detail?', click the link below:

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asset: In trail balance, is it possible to change a setting so that you can click on an account listed and see the ledger account in detail?

open the chart of accounts, double click on the account you are interested in

expense, income, and retained earnings accounts show a report, asset, equity, and liabilities show the account register

Resolution for 'asset issue: 'In trail balance, is it possible to change a setting so that you can click on an account listed and see the ledger account in detail?' available: Yes.

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

For more information about resolving issues related to asset in Quickbooks/QBO or to get support for the issue 'In trail balance, is it possible to change a setting so that you can click on an account listed and see the ledger account in detail?', click the link below:

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asset: How do I create a loan acct and a asset acct that reflect correct amounts when we wrote a check for a down payment and then the bank sent a check directly to the vender?

Create the accounts on your chart of accounts.

Write the check to the Asset (increases the asset)

Enter the opening balance of the loan in its register, also using the Asset account.

Resolution for 'asset issue: 'How do I create a loan acct and a asset acct that reflect correct amounts when we wrote a check for a down payment and then the bank sent a check directly to the vender?' available: Yes.

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

For more information about resolving issues related to asset in Quickbooks/QBO or to get support for the issue 'How do I create a loan acct and a asset acct that reflect correct amounts when we wrote a check for a down payment and then the bank sent a check directly to the vender?', click the link below:

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asset: Years ago, there was an entry made for the purchase of an asset, but it was not allotted to “assets”. Can I change this now?

No, at least not with a value.

If the purchase years ago was not booked as an asset then it had to be booked as an expense, meaning there is no current book value, it is gone.

You can create the asset account for the item with a zero cost.

If you wanted […]

Resolution for 'asset issue: 'Years ago, there was an entry made for the purchase of an asset, but it was not allotted to “assets”. Can I change this now?' available: Yes.

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

For more information about resolving issues related to asset in Quickbooks/QBO or to get support for the issue 'Years ago, there was an entry made for the purchase of an asset, but it was not allotted to “assets”. Can I change this now?', click the link below:

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asset: I’ve created rules for Bank Transfers in QuickBooks Online but when they appear in Banking, the rules don’t apply and the transfer details show as “uncategorized asset.”

Updated (12/14/2015) – Our engineers are still working to resolve this issue. Thank you for your patience.

We have identified an issue that is impacting the Banking area of QuickBooks Online. Some users are reporting that after creating a Rule for Bank Transfers, the rule does not apply – although it […]

Resolution for 'asset issue: 'I’ve created rules for Bank Transfers in QuickBooks Online but when they appear in Banking, the rules don’t apply and the transfer details show as “uncategorized asset.”' available: Yes.

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

For more information about resolving issues related to asset in Quickbooks/QBO or to get support for the issue 'I’ve created rules for Bank Transfers in QuickBooks Online but when they appear in Banking, the rules don’t apply and the transfer details show as “uncategorized asset.”', click the link below:

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asset: Is there a place to see all assets?

Either on the chart of accounts or create a balance sheet.

Resolution for 'asset issue: 'Is there a place to see all assets?' available: Yes.

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

For more information about resolving issues related to asset in Quickbooks/QBO or to get support for the issue 'Is there a place to see all assets?', click the link below:

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asset: I purchased a computer. should I put it to assets or a general expense

A computer is a fixed asset.

Resolution for 'asset issue: 'I purchased a computer. should I put it to assets or a general expense' available: Yes.

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

For more information about resolving issues related to asset in Quickbooks/QBO or to get support for the issue 'I purchased a computer. should I put it to assets or a general expense', click the link below:

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