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Myrna3
January 8, 2023
Question

Fixed Asset

  • January 8, 2023
  • 1 reply
  • 0 views
How do I write off my old computer that died and I can't sell. Unfortunately it is now garbage. I can find advice on how to record a sale but not on how to write off the fixed asset balance.

    1 reply

    Tori B
    Tori B
    January 9, 2023

    Good morning, @Myrna3. 

     

    Before we begin, would you mind sharing which product you're using? For example, QuickBooks Online, QuickBooks Desktop, etc. This will help me determine the right set of steps for you to take going forward.   

     

    While I await your response, I wanted to let you know what some of our other customers have done to write off fixed assets. 

     

    Most of our customers use Journal Entries to do this. However, depending on what accounts you should use, etc., you'll need to consult with your accounting professional. If you don't have an accountant, don't sweat it. You can find one here in our Resource Center. 

     

    In the meantime, I've included a couple of help articles that cover the steps to creating Journal Entries Online and on Desktop below. 

     

     

    Let me know if you have any additional questions. Chat with you soon! 

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