How to Enter Fixed Assets and Depreciation in QBO and Impact on Reports скачать в хорошем качестве

How to Enter Fixed Assets and Depreciation in QBO and Impact on Reports

Looking for help with QuickBooks? Check out my QBO resources here: https://www.montrealfinancial.ca/quic... ================================================================================= Need more personalized guidance on navigating, understanding or cleaning up QuickBooks? Book a consultation with me: https://www.montrealfinancial.ca/serv... ================================================================================= The third in a series of accounting for beginners using QuickBooks Online. In this tutorial we will review fixed assets, how to enter them and review their impact on the Balance Sheet. I then review the two most popular depreciation methods, how to calculate the depreciation using the declining balance method which is used by Revenue Canada (CRA) and is also known as capital cost allowance with a spreadsheet and how to enter depreciation in QuickBooks Online using a journal entry. Finally we will review the impact on the profit and loss and balance sheet. To see other lessons in the series, please see playlist below:    • Accounting Tutorials   Chapters: 00:00 What is a Fixed Asset 02:06 How to add a Fixed Asset in QBO 05:06 Add Fixed Asset Via Journal Entry 06:13 Impact of Fixed Asset on Balance Sheet 07:00 What is Depreciation and Methods 08:05 Revenue Canada CCA Class 09:01 How to Calculate (in Excel) 11:16 Enter Depreciation Journal Entry in QBO 13:40 Depreciation Impact on QBO Reports Related Blog Post https://www.montrealfinancial.ca/blog... ================================================================================= Simplify Your QuickBooks Online setup with this free Checklist https://www.montrealfinancial.ca/subs...