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Sep 4, 2023 9:30 PM UTC
Question

How do I add a new 'fixed asset' (in this case a property purchase) in quickbooks online?

The closest I can find is Chart of Accounts -> New -> Non-current assets -> Other Non-current assets. Or possibly Tangible assets -> Buildings. But I doubt either of those are correct. In my previous years' accounts (done by an accountant) it was shown as a fixed asset.

1 reply

Sep 20, 2023 10:31 AM UTC

Hi rinaldomerlo@gma, thanks for posting on the Community

 

Fixed assets fall under tangible assets. If you're unsure which account to use, we'd recommend consulting with your bookkeeper of accountant for best practice.