Record Sale of Fixed Asset in Quickbooks

How to Record Sale of Fixed Asset in Quickbooks Online, Pro, Desktop, or Enterprise

To record the sale of fixed assets in quickbooks online, pro, desktop or enterprise, You need to follow mentioned below steps:

Total Time: 10 minutes

  1. Step One

    You would need to first make a current liability account. This will record all your deposits from sale of assets.

  2. Step Two

    When the sale is made then you would need to post the depreciation for that year.

  3. Step Three

    Now make a separate income account that will record your profits and losses from the sale of assets.

  4. Step Four

    Now pass your journal entry for that account.

  5. Step Five

    Put all the sale on the debit side and put all the gains and losses on the credit

  6. Step Six

    The depreciation amount will be depreciated.

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