QuickBooks Asset Disposal & Depreciation
Budget: $30 – $50 USD
I’m working in QuickBooks Simple Start and have two things I need help with:
First, an asset (vehicle) was sold. Nothing has been entered yet, so I need the full journal-entry sequence that removes the asset (it had zero accumulated depreciation), recognizes the cash received, and books the gain on sale.
Second, another vehicle is on the books and I want to track its depreciation going forward with the straight-line method (less than 50% business use). I’d like a schedule that slots neatly into Simple Start—either by using the built-in fixed-asset item or an easy-to-update worksheet that ties back to QuickBooks. Whatever is easiest with QB.
I'd prefer to complete the project over zoom, where I can make the journal entries directly into QB while sharing my screen and taking advice from the expert on zoom.
First, an asset (vehicle) was sold. Nothing has been entered yet, so I need the full journal-entry sequence that removes the asset (it had zero accumulated depreciation), recognizes the cash received, and books the gain on sale.
Second, another vehicle is on the books and I want to track its depreciation going forward with the straight-line method (less than 50% business use). I’d like a schedule that slots neatly into Simple Start—either by using the built-in fixed-asset item or an easy-to-update worksheet that ties back to QuickBooks. Whatever is easiest with QB.
I'd prefer to complete the project over zoom, where I can make the journal entries directly into QB while sharing my screen and taking advice from the expert on zoom.