Track your fixed assets easily in Quickbooks Online (QBO)
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Tracking fixed assets and the related depreciation can be quite a headache for many business owners. It doesn't have to be anymore! QBO has rolled out a fixed asset tracking module, and it is available in the Advanced version of the product.
Tracking can become automatic once the fixed asset is uploaded into the QBO system. Journal entries are automatically recorded for depreciation, and accumulated depreciation is properly tracked.
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Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at https://claracfo.com/
Disclaimer: This video is intended for educational purposes and should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.
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