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September 4, 2023
Question

How do I enter/deal with an asset sale?Thanks

  • September 4, 2023
  • 1 reply
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1 reply

September 5, 2023

Hi there allisonj0871-gma,

 

It's important that all your transactions are entered correctly so that your books are balanced. QuickBooks Online is a tool that can help you track your sales and expenses so you can see the profit of your business. I can point you in the right direction for assistance with entering these transactions.

 

To find out how you should be entering this sales transaction, I recommend talking to your accountant. Their accounting expertise will guide you with how these transactions should be entered and which accounts to affect so that your books are accurate. You can invite your accountant to your QuickBooks account by clicking on the My Accountant tab. You can also find one near you that has experience with QuickBooks by clicking on the Find a Pro to help option to help you.

 

If you have any further questions, feel free to ask them here.