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October 16, 2022
Question

I sold an asset using the invoice flow and recorded the payment. After journal the transaction to remove asset and depreciation, the bank balance doubled. Need help..

  • October 16, 2022
  • 1 reply
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what should I do to record selling asset properly to achieve the correct balance in all accounts?

1 reply

October 17, 2022

Hi hmufishing,

 

It's a pleasure to see you in Community.  Welcome!  Ensuring that you're recording your assets accurately in QuickBooks Online is key in keeping your books balanced.  I'd be happy to provide more information so you're on the right track with your QuickBooks goals!

 

To ensure your recording the asset and it's depreciation properly, here's a detailed guide for your reference.  However, it's best to reach out to your accountant with regards to the duplicated amount, for their expertise and best course of action.  If you don't have an accountant, we can help you  locate a ProAdvisor in your local area.

 

Feel free to reach back out if you have other questions.  We'd be glad to assist!