Handling Fixed Assets in QBO Advanced
Rachel and Dan will discuss Handling and Depreciating Fixed Assets in QBO Advanced.
Workshop Wednesdays are a free live discussion about topics affecting Accountants, Bookkeepers, and Business Owners. Register for the Live sessions at: https://www.schoolofbookkeeping.com/workshop-wednesday
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00:00 Introduction and Casual Conversation
00:53 Defining Fixed Assets
02:46 Fixed Assets vs. Expenses
04:01 Depreciation and Capitalization Threshold
09:00 Accounting Methods and Depreciation
12:48 QuickBooks Online Advanced Features
14:37 Setting Up Fixed Assets in QuickBooks
17:50 Depreciation Methods and Schedules
21:52 Adding and Managing Assets in QuickBooks
35:41 Conclusion and Upcoming Topics