Quickbooks 2013 for mac balance sheet reports not working

#Quickbooks 2013 for mac balance sheet reports not working how to#
#Quickbooks 2013 for mac balance sheet reports not working download#

Then click the blue вЂњS ave & CloseвЂќ button. Enter a name for the account (for example, if youвЂ™re creating an account to track all of your office furniture, you might call this account вЂњOffice FurnitureвЂќ). You can add accounts to QuickBooks in a variety of ways, but to do this while youвЂ™re describing the fixed asset item, first select the field labelled вЂњAsset Account.вЂќ Next, scroll to the top of the list of accounts and click вЂњ.вЂќ QuickBooks displays the Add New Account dialog box (see Figure 2). You might have to create a new asset account for the fixed asset item. Once youвЂ™re done entering information about your fixed asset item, click the blue вЂњOKвЂќ button in the upper-right corner. The one exception might be location if your business operates in multiple states.

Note that most of the information requested in the вЂњAsset InformationвЂќ section might be helpful to track, but isnвЂ™t necessary to enter (at least as far as your tax accountant is concerned). Be sure to provide the name of the asset, which account the asset belongs to, and all of the information requested in the вЂњPurchase InformationвЂќ section. Next, in the bottom left corner, click the вЂњ ItemвЂќ button, then click вЂњ New.вЂќ This will open the New Fixed Asset Item dialog box which you can use to enter information about the asset youвЂ™ve acquired. QuickBooks displays the Fixed Asset Item List window (see Figure 1). To do this, go to Lists в†’ Fixed Asset Item List. Your first step when recording a fixed asset should be to record the fixed asset item in QuickBooks.

#Quickbooks 2013 for mac balance sheet reports not working how to#

How to Track a Fixed Asset Item in QuickBooks You win in all sorts of little ways-such as by not losing track of items youвЂ™ve purchased and such as by seeing items youвЂ™ve discarded and so need to write off.

But you donвЂ™t lose by having good details inside your QuickBooks file. Note that your tax accountant will actually do a lot of this work for you-and thatвЂ™s the way you probably want to roll. One more point about fixed asset item lists: Good, accurate rich details on your fixed asset items also track a lot of useful information youвЂ™ll need to calculate tax depreciation properly. For example, if youвЂ™ve purchased (say) twenty pieces of furniture, you donвЂ™t want twenty different line items on your balance sheet-you want one line item labeled вЂњfurniture.вЂќ WhatвЂ™s more, if you get nicely organized in the way you track these items, you can group fixed asset items under broad account names so your balance sheet is clean and easy to read. A list, a good accurate list, of fixed asset items documents the вЂњnitty gritty detailsвЂќ of which assets you own, for example. Maintaining a QuickBooks fixed asset item list does a lot to keep your asset accounts organized.

#Quickbooks 2013 for mac balance sheet reports not working download#

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