categorize

SONYA GREEN asked 3 years ago

How do I put in my purchases for my company? Example: 2016 Chevrolet Silverado
Is this uncategorized asset or inventory asset?
 

admin Staff replied 3 years ago

Generally, Company Vehicles should be categorized as Fixed Assets in your Chart of Accounts. See screenshot below for setting up a new Vehicles Account in QuickBooks. Be sure to select Account Type as “Fixed Assets” from the list and Detail Type as Vehicles. For Name and Description, enter as you prefer.

ADD NEW FIXED ASSET ACCOUNT FOR VEHICLE
Fixed Assets Account

You can also check out video tutorial related to fixed assets.

https://newqbo.com/question/how-do-you-record-a-loan-payment-for-a-fixed-asset/



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