QB Issue Resolution:
Regardless of how you might classify this type of ‘asset’ – there is also a value consideration, and $200 would be probably be too small to capitalize for anything. So it would be expensed. It is not going into sales direcly so its not a COG item, therefore it goes into ‘expenses’ and exactly where is your call.
Now if was $200,000 then you probably would be capitalizing it. US companies typically like to classify assets exactly according to the tax rules which you can research or ask about further – thats not my area. For companies with less prescriptive requirements I would suggest that this is an ‘intangible asset’ not a fixed asset.
Resolution for Issue 'The correct account for historical stock market data.' available: Yes (Solved).
Source: Intuit Community forum.
The correct account for historical stock market data.: this 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 issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.Support for COG item
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