how i enter fixed asset item, im using QB online plus

Hi there Daham, QuickBooks Online Plus fixed assets are handled a bit differently depending on what you’re trying to do. You can either set up the fixed asset account or record the purchase of the asset. To guide you better, may I ask if you’re looking to track the asset on your books or also use it on transactions?

Here’s how you can do both:

Set up a Fixed asset account:

Go to Settings, then Chart of Accounts, and select New. Choose Fixed Assets as the account type, pick the appropriate detail type (like Machinery & Equipment), enter a name, and Save.

To record the purchase of the Fixed asset:

Go to + New and select Expense, Check, or Bill, depending on how you paid. Enter the Vendor and Payment account, then in the Category details, choose the fixed asset account you created. Add the amount and Save the transaction.

This setup ensures the asset is properly tracked on your balance sheet. For depreciation, you can record it separately or work with your accountant to make sure it’s handled correctly.

If you have additional questions, feel free to chime in on this thread.