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cash basis accounting: Fixed Asset – Disposal – Cash basis Accounting – Journal entry for Loss on disposal

As I understand this, your account look like

asset, 4,173
asset depreciation, 3,771.62

 

create an income account called gain loss on asset

journal entries

debit gain loss, credit asset for 4,173
debit asset depreciation, credit gain loss for 3,771.62

Resolution for 'cash basis accounting issue: 'Fixed Asset – Disposal – Cash basis Accounting – Journal entry for Loss on disposal' available: Yes.

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

For more information about resolving issues related to cash basis accounting in Quickbooks/QBO or to get support for the issue 'Fixed Asset – Disposal – Cash basis Accounting – Journal entry for Loss on disposal', click the link below:

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cash basis accounting: QB self Employed – cash basis accounting

QuickBooks Self Employed is set up for cash basis. Please let us know if you have any further questions.

Resolution for 'cash basis accounting issue: 'QB self Employed – cash basis accounting' available: Yes.

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

For more information about resolving issues related to cash basis accounting in Quickbooks/QBO or to get support for the issue 'QB self Employed – cash basis accounting', click the link below:

Details