I am trying to figure out why my Fixed Asset subaccounts come up on my balance sheet different from the set up. example:
Account | | Type |
ON CHART OF ACCOUNTS | | |
Auto, Hvy Equip, Trailer, Other | | Fixed Asset |
Auto | | Fixed Asset |
2007 Chev Silverado Truck LS Ex | | Fixed Asset |
Acc. Dep. - 2007 Chev Silverado | | Fixed Asset |
ON BALANCE SHEET |
Auto, Hvy Equip, Trailer, Other |
Auto |
2007 Chev Silverado Truck LS Ex |
Acc. Dep. - 2007 Chev Silverado |
2007 Chev Silverado Truck LS Ex - Other |
The vehicle is subaccount of "Auto" and the Depreciation is a subaccount of the vehicle.
But on the balance sheet the vehicle shows under the Depreciation account and shows as "other" after its name.
I googled the question and AI says I have entered the information correctly in QB and gives me a list of checks to look at but as far as I can see, I have entered the set up correctly. It's become a pain because I have to pull the balance sheet into excel and make all the corrects and I have a long list a vehicle, heavy equipment and trailers held by this company.
Thank you for any help on this matter.
