Furniture Quickbooks Accounting FAQS

• How to Set Up a Capital Equipment Account in Quickbooks?

1. How to Set Up a Capital Equipment Account in Quickbooks?

QuickBooks describes capital equipment as equipment a company purchases, such as manufacturing equipment, furniture, or office machines that has a lifespan of greater than one year and that affects the net worth of the business. QuickBooks regards capital equipment as a fixed asset and necessitates the user set up a fixed-asset account and an account to use for tracking devaluation with items in this category.