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Asset accounts you can create

add account

set up account; setup account

You can add as many of these asset accounts as you need.

Accounts
receivable

Use this type of account to track what your customers owe your company. QuickBooks sets up an accounts receivable account when you enter your first invoice. You can add additional accounts receivable accounts to your chart of accounts as necessary.

Bank

Use this type of account to track a checking, savings, or money market account.

Fixed asset

Use to track your company's fixed assets (normally assets your company holds for more than one year).

These might include things like buildings, vehicles, or computers. Fixed assets often wear out or become obsolete. If you want to track depreciation, use fixed asset accounts.

The account includes subaccounts such as Original Cost and Depreciation.

Other asset

Use this to track other fixed assets.

Other current
asset

Use this type of account to track current assets that are not receivables or bank accounts, but which you plan to convert into cash or use up within one year. Examples of what you can track with an other current asset account include inventory, treasury bills, certificates of deposit, cash investments like stocks, prepaid expenses, prepaid deposits, reimbursable expenses, and notes receivable (if due within one year).

See also

KB ID# H_COA_INFO_ASSETS_OPTIONAL
12/11/2016 5:46:58 AM
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