We have fixed assets which we buy over 48 months plan from our suppliers. How do i record this? We pay them monthly. I dont see this option

QuickBooks Online is a comprehensive software with features that can streamline your firm’s accounting processes, karanspoint-gmai.

Creating an asset account tracks the current value and depreciation of your assets. You can follow the steps below to set up an asset account.

1. Click the Gear icon, then select Chart of Accounts.
2. Select New.
3. From the Account Type dropdown, select Fixed Assets.
4. From the Detail Type dropdown, select the option that closely describes the asset.
5. Name the account, then select the Track depreciation of this asset checkbox.
6. Enter the current value of your asset in the Original cost field and the as of date. If recording the loan, leave this blank.
7. When you're done, click Save and Close.

However, I still recommend working with your accountant if you need to calculate your asset's depreciation.

To check about different aspects of your business, you can run reports to track the information: Run Reports In QuickBooks Online.

Please reply to this thread if you need help. We're always here to assist you anytime