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Tag: Amortizable asset

How to setup Liquor License purchase with Notes Payable in new QuickBooks Online?

Sep 21, 2014

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by

admin

in Balance Sheet, Chart of Accounts, QBO, QuickBooks

Case: Amortizable asset being paid off with Notes Payable I have an asset that needs to be amortized (a liquor license) and I’m confused about how to keep track of the payments we make on it in Quickbooks. The full price is $50K, we put $5K down, and make $750 payments each month (no interest)…

Tag: Amortizable asset

How to setup Liquor License purchase with Notes Payable in new QuickBooks Online?