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Tim167
Dec 13, 2022 11:40 AM UTC
Question

How to write off the value of a tangible asset?

I've recently sold an old piece of machinery.

I've recorded the value of the sale in QB but how to i clear the value of the machine from the asset list/account?

 

1 reply

GeorgiaC
Dec 13, 2022 12:06 PM UTC

Hi Tim167, you can enter a journal (+ new > journal entry) to record this. If you're unsure on which accounts to select, we'd recommend reaching out to a bookkeeper or accountant for advice. If you don't already have any accountant, you can find a QuickBooks certified advisor near you here.

 

 


 

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