Entering Fixed Asset Purchase with Business Credit Card
Hi all! I'm brand new to Quickbooks Online and I had a question regarding how to properly setup/categorize a fixed asset purchase with a company credit card.
I recently bought a Dump Trailer for $10,491.85 on the business credit card. I then added a Fixed Asset account titled "Dump Trailer" and added the original cost and selected track depreciation.
My question is.. how do I tie the Credit Card Transaction from the "Transactions" page to the "Fixed Asset" purchase. I know transaction is not an "expense" because I will use depreciation.
Any help is much appreciated.
