The Fixed Asset Purchase List is used to track assets in Quickbooks Online. This list allows you to enter the amount associated with it.
How to Record a Fixed Asset Purchase in QuickBooks Online?
1. First of all, in the QuickBooks account, in the menu bar, open the option of Listing Real Estate Items.
2. Then you need to click on the item button in the lower left corner of the list window to add a new item.
3. Then now you have to select the new command in the popup menu.
4. Now you will see the option of asset name / number, in which you input the name or number of the property.
5. After this now you have to select the asset account for which you have to use the "Asset Account" drop down (which should be used to track the value of the asset).
6. Now you have to identify the item in the “Purchase Information” section and find out whether this item is new or old or it is already used.
7. Then in you date input you record the date on which you purchased the item.
8. Now you will have to give a little information about the item you have purchased, which you will have to give in the option of "Asset Details" box in step eight after 7
9. Now in new item window after save and close click on ok button.
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