Setup An Asset Account In Quickbooks Online

To setup an asset account in quickbooks, Choose New,Enter the account name in the designated field.Choose either Fixed Assets or Other Assets from the Account type dropdown menu.Choose the option that best describes the object from the Detail type menu" For fixed assets already in use, you may need to enter the current value and the date it was acquired or placed into service, says QuickBooks. Consult with your accountant if you are unsure about which account types or details to use.Enter the amount of the opening balance in the Opening balance area. Then, in the Date column, choose the beginning date.The initial balance may be zero dollars. Then Click "Save.