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January 26, 2023
Question

How would you categorize the sale of a Google domain that has a value above $1000?

  • January 26, 2023
  • 1 reply
  • 0 views

This seems to me to not just be a credit or negative in the "Software Domains" account. Any suggestions?

1 reply

January 26, 2023

Hey there Derek-EMPAgency,

 

Welcome to the QuickBooks Community! Thanks for reaching out to us here.  Making sure you're recording your transactions properly is an essential step for maintaining clean books. I would be happy to point you in the right direction.


To ensure accuracy in your books, I recommend reaching out to an accounting professional for expert advice on creating these types of transactions. They'll be able to guide you in choosing the correct transaction type as well as which accounts to affect so that your accounts can end up with the right balance. You can add your accountant to your books by going to the My Accountant tab of your QuickBooks account. You can also find an accountant that has experience using QuickBooks near you by clicking on the Find a pro to help option in that section.


If you have any other questions, feel free to reach out here.

January 26, 2023

Thank you, i'm hoping to just get a few suggestions for categorizing this expense as opposed to paying an expert for advice.