QB Issue Resolution:

I do not use an accountant

If you can learn QB for purchasing and sales, then you can learn depreciation, the IRS pub 946 covers it all

depreciation is entered using a journal entry
debit depreciation expense
credit accumulated depreciation [asset-name]

Taxes – I use turbo tax, but I do NOT export the data from QB to it, I do not trust QB to be up to date on any changes to tax forms – and manual data entry in TT is a few minutes after you have the reports from QB printed out

I also structure my chart of accounts to match the tax form for that business, I use sub account for detail tracking, ie

utilities expense
>>elect
>>phone
>>water
etc

Resolution for Issue 'What is the point of using QuickBooks when a accountant or CPA is “required” to handle everything where QuickBooks falls short. i.e. depreciating items, taxes, etc etc.' available: Yes (Solved).
Source: Intuit Community forum.

What is the point of using QuickBooks when a accountant or CPA is “required” to handle everything where QuickBooks falls short. i.e. depreciating items, taxes, etc etc.: 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.

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