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Dec 12, 2019 2:47 PM UTC
Solved

How do I enter a vehicle purchase paid in full using cash basis in QuickBooks Desktop? help please

How do I enter a vehicle purchase paid in full using cash basis in QuickBooks Desktop?

 

Rustler
RustlerAnswer
Dec 12, 2019 2:57 PM UTC

In the chart of accounts, create a fixed asset account named for the car, and a sub fixed asset account for accumulated depreciation

 

enter the payment and use the car fixed asset account as the expense (reason) for the payment

4 replies

Rustler
RustlerAnswer
Dec 12, 2019 2:57 PM UTC

In the chart of accounts, create a fixed asset account named for the car, and a sub fixed asset account for accumulated depreciation

 

enter the payment and use the car fixed asset account as the expense (reason) for the payment

zoicolAuthor
Dec 14, 2019 5:09 AM UTC

Thank you so much for your help. It worked!