Generally speaking, yes, you'd want to enter it properly. But I'd need more information on how it was originally entered to know for sure (there's more than one way to enter things into QBO). You can schedule a 15-minute meeting and we can take a look at it together and figure out what's best for your situation: www.gentlefrog.com/meeting/
Any insight on how to do this now that the Quickbooks online format has changed? When you create a new account under chart of accounts now, there are hardly any options (no option to put in loan amount or anything)
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Thank you for the video
You're welcome! Thanks for watching.
Also, what if there is a depreciation schedule? How would I enter that? Thanks!
Hi Meaghan, we can walk you through entering the down payment and the depreciation schedule in a 15-minute meeting: www.gentlefrog.com/meeting/
I never entered the loan for my equipment in properly. should I go back and fix that in quick books, or should I?
Generally speaking, yes, you'd want to enter it properly. But I'd need more information on how it was originally entered to know for sure (there's more than one way to enter things into QBO). You can schedule a 15-minute meeting and we can take a look at it together and figure out what's best for your situation: www.gentlefrog.com/meeting/
Any insight on how to do this now that the Quickbooks online format has changed? When you create a new account under chart of accounts now, there are hardly any options (no option to put in loan amount or anything)
@@220gal you can schedule at gentlefrog.com/meeting