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This is a tutorial showing one method of recording a fixed asset purchase via finance agreement to the books. In this video, Nick shows how to record the value of a fixed asset and the corresponding loan to the balance sheet. You can also record a loan balance by connecting the loan account to the bank feed. We will create a video next week showing how to record a fixed asset and loan by this method. Mitzi E. Sullivan, CPA offers client-centered assurance, tax, and financial advisory services, specializing in small and medium-sized enterprises (SMEs), from inception to initial public offering. Subscribe to my channel for guidance and pointers on the following: Business Compliance Business Income Taxation Entity Formation and Taxation Nonprofit Personal Income Tax From small businesses to Fortune 500 companies, I am committed to exceeding client expectations! Please visit MESCPATX.COM or call (940) 539-3238 for more information.