Handling Fixed Assets in QBO Advanced

Season #4

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