Banking For Review – Equipment: So I purchased 2 pieces of equipment recently. Paid “cash” with my bank card. They are fixed asset items. I have created Fixed Asset accounts for the items in my Chart of Accounts. However, do I put zero as the Original cost and then “match” the item under “For Review” in “Banking” to the appropriate Fixed Asset? Or where/what should I record the bank record of the purchase under? If I enter an original cost under the fixed asset, then when I match the transaction to the fixed asset, the asset now has an “account balance” of twice what the cost was. Help would be appreciated.
After writing my last response, I came to the solution in my brain. Suppose I was overthinking.
When I create the Fixed Asset account, I did not enter any financial values in any of the items and told it I wanted to track depreciation. It created 2 sub accounts, one being […]
Resolution for 'Banking For Review – Equipment issue: 'So I purchased 2 pieces of equipment recently. Paid “cash” with my bank card. They are fixed asset items. I have created Fixed Asset accounts for the items in my Chart of Accounts. However, do I put zero as the Original cost and then “match” the item under “For Review” in “Banking” to the appropriate Fixed Asset? Or where/what should I record the bank record of the purchase under? If I enter an original cost under the fixed asset, then when I match the transaction to the fixed asset, the asset now has an “account balance” of twice what the cost was. Help would be appreciated.' available: Yes.
The Banking For Review – Equipment 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 Banking For Review – Equipment issue yourself by looking for a resolution described in the article. If it is a complex Banking For Review – Equipment issue or you are unable to solve the issue, you may contact us by clicking here or by using other Banking For Review – Equipment support options.
For more information about resolving issues related to Banking For Review – Equipment in Quickbooks/QBO or to get support for the issue 'So I purchased 2 pieces of equipment recently. Paid “cash” with my bank card. They are fixed asset items. I have created Fixed Asset accounts for the items in my Chart of Accounts. However, do I put zero as the Original cost and then “match” the item under “For Review” in “Banking” to the appropriate Fixed Asset? Or where/what should I record the bank record of the purchase under? If I enter an original cost under the fixed asset, then when I match the transaction to the fixed asset, the asset now has an “account balance” of twice what the cost was. Help would be appreciated.', click the link below: