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MB_25
December 13, 2023
Question

Adding a Fixed Asset

  • December 13, 2023
  • 1 reply
  • 0 views

Hi everyone, this is my first year using QuickBooks; a friend of mine has a rental property business. She has bought these properties over the years but has made them rentals over the last year. 

 

How do I book them as assets on my balance sheet? Since the sale was made years prior, don't you want it to affect my cash balance?

 

Also, I have added all her rental properties to the advanced accounting 'fixed asset' tracker, so it is pulling in deprecation for the year, but why does it not classify the asset in the balance sheet???

 

can someone please help!!

1 reply

Candice C
Candice C
December 13, 2023

Good afternoon, @MB_25. 

 

Congrats on making your first post here in the Community! 

 

With the details you give in your response above, I recommend contacting our Customer Support Team so they can review your account with you. After reviewing your account, they'll be able to provide you with the best solution for your business. Here's how: 

 

  1. Go to the Help (Settings) icon in the top right-hand corner. 
  2. Press the Contact us button. 
  3. Enter your question and hit Let's talk. 
  4. Scroll down and choose to Get a callback. 

 

Afterwards, you'll receive an estimated time frame of when they'll be in touch. 

 

Keep us updated on how the call goes. Have a wonderful day! 

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