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
You would need to first make a current liability account. This will record all your deposits from sale of assets.
When the sale is made then you would need to post the depreciation for that year.
Now make a separate income account that will record your profits and losses from the sale of assets.
Now pass your journal entry for that account.
Put all the sale on the debit side and put all the gains and losses on the credit
The depreciation amount will be depreciated.
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