Current Assets (cash) in balance sheet doesn't reduce after I recorded an "expense" and selected the fixed account. Fixed account does show in the balance sheet. Help?

Hello, @tina28.

Let me share some information on how to record your expense transactions properly in QuickBooks.

When choosing the account for your purchases, you'd want to consider its amount. Also, depending on the law governing business-related expenses in your country, you can create an expense or a check transaction to record your purchases in QuickBooks. Here's how:

1. Go to the New (+) icon.
2. Choose Expense or Check.
3. Select Payee's name or the Vendor of the computer.
4. Choose the business bank account used in purchasing the computer.
5. Enter the purchase details in the Category Details section.
6. Click the Save button.

Just a heads-up, I'd recommend consulting with an accountant so you'd be guided in choosing an expense account or fixed asset account for each of your purchases.

Lastly, you can refer to these articles to help you get your way around tracking and categorizing your business-related transactions:

• Enter, edit, or delete expenses in QuickBooks Online
•  Depreciate assets in QuickBooks Online
• Record depreciation without using Journal Entry 

Feel free to get back to us if you have other questions about generating your expense-related transactions. Wishing you and your business continued success in all that you do.