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scotia74
February 27, 2022
Question

How do I post a computer expense in Quickbooks Desktop that cost $599.99 plus tax?

  • February 27, 2022
  • 1 reply
  • 0 views

I have a receipt for a laptop purchased that cost $599.99 before tax. First time entering a fixed asset expense over $500. I am not sure how I enter it. I have read about depreciation seen a lot of different information. A laptop usually lasts me 3 years. What account do I post this expense under (I assume it is "Computer-Fixed Asset"), how much can I claim and when do I post the depreciation amount, 1 year from now?? and what account do I post that under "Accumulated Depreciation-Fixed Asset" or "Depreciation Expense-Expense" and how much again do I post? Thanks in advance. I am using Quickbooks Desktop.

1 reply

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Nick K
March 1, 2022

Hi scotia74.

 

Having your depreciating assets entered properly into your QuickBooks Desktop account is crucial to make sure your accounts are accurate and up to date. I'd be happy to point you in the right direction for this one

 

When it comes to what accounts to use and how much your asset depreciates I recommend reaching out to your accountant as they are trained in how to make these entries. If you don't have an accountant no worries, we can help. You can go our Find an accountant page to find one in your area.

 

Once they tell you how to make this entry and what accounts to use feel free to reach out to us and we can walk you through how to enter it in QuickBooks Desktop.

 

If you have any questions let us know and we'd be happy to help.

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