In 2023, I made a video on how to enter fixed assets into QBO after the 2022 Chart of Accounts experience update. This update allowed users to enter and track non-current assets and their individual depreciation on their Balance Sheet Report. However, since then, this feature has been backed out of the Chart of Accounts experience, so I needed to create an update video for a 2024 update on how to enter and track depreciation on your small business fixed assets. Now, your Fixed Asset category and Accumulated Depreciation will have the traditional look on your Balance Sheet, and you will need to utilize a separate spreadsheet via Excel, Google Sheets, etc in order to track the individual Fixed Assets, original cost, depreciation taken, and net value. We will also go over this spreadsheet in this video as well as some basic purchase, sell, and depreciation entries and how to handle those.
Link to schedule a one-on-one Zoom video 1 hour training session with Gunnar:
[ Ссылка ]
Thank you for watching my videos. My name is Gunnar Harris and I am the owner of Essentially Intentional, LLC. I provide fully outsourced monthly bookkeeping and accounting & bookkeeping training for small business owners.
One of the best ways that you can help me is by signing up for my email newsletter so that I can reach you directly with free training resources without having to rely on social media algorithms. You will immediately receive free access to download the following training materials:
- Small Business Foundation eBook
- Daily Sales Accounts Checklist
- 1 Hour Webinar “The Quick about QuickBooks Online”
- My Microsoft Excel Bookkeeping Template
Once signed up, you will periodically receive:
- Free training resources sent directly to you
- Updates on new ecourse progress/release dates
- Temporary discount codes only sent to email subscribers
- Updates on my journey of completing my “Life Goals List”
If interested, click the link below:
[ Ссылка ]
Link to schedule a one-on-one Zoom video 1 hour training session with Gunnar:
[ Ссылка ]
Finally, also available is an online course titled “The Essentially Intentional Bookkeeping Course”. On offer for you is a discount code to be applied for 5% off!
Code: EIYOUTUBE5
If you would like to check out the course then click the link below. From there you can find the link to purchase and when checking out, you can copy & paste the code above for your 5% off discount as your gift from coming here from YouTube.
[ Ссылка ]
Thank You!
0:00 Intro
2:15 Introducing the External (to QBO) Spreadsheet
4:28 Entering the Fixed Assets into QBO
18:18 Brief Depreciation Discussion
24:10 Brief Discussion on Sale of Fixed Assets
28:00 Conclusion
