About This Course

Who this course is for:

  • Accountants
  • Bookkeepers
  • Business owners

What you’ll learn: 

  • Set up fixed asset accounts in the chart of accounts
  • How a fixed asset list can provide necessary tax information

Software version used in the course: 

  • QuickBooks Desktop Pro 2021

This is the eleventh in a series of courses covering QuickBooks Desktop Pro 2021, comprehensively.

We will discuss the tracking of fixed assets in QuickBooks.

Learners will understand the separation of duties that often takes place when calculating depreciation, a separation of duties between the tax preparer and the bookkeeping process.

The course will demonstrate how to set up fixed asset accounts in the chart of accounts, demonstrating multiple methods, some providing more detail at the expense of more time and effort, some providing faster data input at the expense of less detail.

We will show how to add a fixed asset item and how to enter transactions that utilize a fixed asset item, moving from the financial statements to the asset list to make sure the fixed assets costs reported on the financial statements are reflected on the fixed asset list.

Learners will know how the fixed asset items and fixed asset list can be used to provide the necessary tax information to year end tax preparers, information showing purchases, sales, and disposals for the year.

Our Promise to You

By the end of this course, you will have learned how to manage a fixed asset list in QuickBooks Desktop 2021.

30 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.

Get started today and learn more about using QuickBooks Desktop 2021.

Course Curriculum

Section 1 - Overview
QuickBooks Desktop 2021 #11 Course Resources 00:00:00
Fixed Asset Items Overview 00:00:00
Section 2 - Fixed Asset Items And Chart Of Accounts
Fixed Asset Items Setup QuickBooks File 00:00:00
Fixed Asset Items Fixed Asset Chart Of Account 00:00:00
Section 3 - Fixed Asset Purchases
Fixed Asset Items Purchase Of Office Equipment 00:00:00
Fixed Asset Items Purchase And Finance Work Truck 00:00:00
Fixed Asset Items Fix Purchase Of Furniture Recorded Without Fixed Asset Items 00:00:00
Fixed Asset Items Purchase Truck That Is Totally Financed 00:00:00
Section 4 - Fixed Asset Item Sale
Fixed Asset Items Sale Of Fixed Asset 00:00:00
Section 5 - Recording Depreciation
Fixed Asset Items Record Depreciation Expense 00:00:00
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