Assuming the car is titled in the company name, create
a fixed asset account named for the car
and a sub fixed asset account called accumulated depreciation-car
enter the purchase and use the fixed asset-car account as the expense for the cash payment
Resolution for 'assetcar account issue: 'How do I enter a purchase of a vehicle paid in full into quickbooks?' available: Yes.
The assetcar 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 assetcar account issue yourself by looking for a resolution described in the article. If it is a complex assetcar account issue or you are unable to solve the issue, you may contact us by clicking here or by using other assetcar account support options.
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