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September 4, 2023
Question

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

  • September 4, 2023
  • 1 reply
  • 0 views
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

September 20, 2023

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.