How do I put in my purchases for my company? Example: 2016 Chevrolet Silverado
Is this uncategorized asset or inventory asset?
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
You can also check out video tutorial related to fixed assets.