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yennyord
October 16, 2018
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Need a Gain/Loss on Sale of Asset' account but it is nowhere in the COA.

  • October 16, 2018
  • 1 reply
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I need to record gain on sale of a property.  i don't see gain/loss on sale of asset as a choice under Income or Other Income categories in the COA.  What can I do?  I have QB Online.  Thanks
    Best answer by vpcontroller

    Select Chart of Accounts for Gain/Loss on Sales of Asset as Other Miscellaneous Income

    • Category Type: Other Income
    • Detail Type: Other Miscellaneous Income
    • Name: Gain/Loss on Sale of Asset
    • Description: Gain/Loss on Sale of Asset

    1 reply

    vpcontroller
    vpcontrollerAnswer
    October 16, 2018

    Select Chart of Accounts for Gain/Loss on Sales of Asset as Other Miscellaneous Income

    • Category Type: Other Income
    • Detail Type: Other Miscellaneous Income
    • Name: Gain/Loss on Sale of Asset
    • Description: Gain/Loss on Sale of Asset
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