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L
lauramacey
September 7, 2021
Question

Leased Vehicles

  • September 7, 2021
  • 1 reply
  • 0 views

Good Morning!  I am looking at setting up an Operating Lease for a vehicle.  We will not be buying it after the lease expires. (we are located in AB)

Let's name it UNIT2. (we also have the same to do with UNIT3, UNIT4, etc

How do I set up the accounts and monthly payments etc in QB Online?

Please, I need step by step for what to do, how to set up any accounts and how this works.  I am usually good at finding resources, but these leases have me stumped!

thank you for your help!!!

1 reply

J
JamesM4
September 7, 2021

Hello Lauramacey,

 

Making sure you're recording your transactions the right way is a good exercise for keeping your books accurate. I'll be glad to steer you in the right direction so you can focus on doing the things you enjoy. 

 

To ensure accuracy in your books, I recommend contacting an accounting professional to get expert advice on this. Doing this will help prevent any future discrepancies in your books. You can also reach out to accounting professionals on our site using this link here. In the meantime, check out the helpful resource below for more info on:

 

Adding an account to your chart of accounts in QuickBooks Online

 

I'll also leave this question here so other accounting professional members can chime in and share their expert advice. Let me know if you have other questions, I'm here to help.

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