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Accounting & Bookkeeping & Small Business Forum
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areedy
Joined: 25 Jun 2008
Posts: 49
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| Posted: Tue Jul 22, 2008 1:54 pm Post subject: Fixed assets in QB |
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When tracking a fixed asset in QuickBooks, what should be typed in the "Asset Name/Number" box? It looks like it won't accept the same name twice.
Thank you |
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trarob
Joined: 20 Jun 2008
Posts: 20
Location: Indiana
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| Posted: Tue Jul 22, 2008 3:06 pm Post subject: |
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| You should type the name of the asset you are going to track such as "Computer Equipment" or more descriptive could be "Main Printer". You should also create an Accummulated Depreciation sub account to the fixed asset so that as you enter depreciation expense for the asset it will reduce the balance of the fixed asset. |
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