Hi, JKMatsko. I appreciate you for posting in the Community. To resolve the issue where your vehicle is incorrectly showing under the Depreciation account and labeled as "Other" on the Balance Sheet, you'll need to examine the transactions and ensure the accounts are categorized correctly. Let me explain more.
First, let's drill down on the transactions. In your Balance Sheet, locate the account that displays "Other" in the name and the vehicle under the Depreciation account. Double-click on this account to view the transactions and amounts recorded under it. Then, carefully review these transactions to ensure they are correctly categorized and assigned to the subaccounts as per your Chart of Accounts (COA) setup.
After this, we can review your account details. Follow the steps below:
- Go to Lists in the top menu, then select Chart of Accounts.
- Find and click on the account labeled "Auto".
- Verify that the vehicle "2007 Chev Silverado Truck LS Ex" is listed as a subaccount under "Auto".
- Next, find and click on the vehicle account "2007 Chev Silverado Truck LS Ex".
- Ensure that the depreciation account "Acc. Dep. - 2007 Chev Silverado" is listed as a subaccount under the respective vehicle.
- If there are inconsistencies, right-click the miscategorized account, select Edit Account, and correct the parent account to match your intended hierarchy.
Next, Run the Balance Sheet again to check if the vehicle and its depreciation are now correctly displayed under their respective accounts.
Finally, to ensure all steps are correctly implemented and to resolve any remaining issues, I recommend consulting with your accountant. If you don't have an accountant, you can find one in your area in QuickBooks by searching the ProAdvisor site. They can provide the expertise needed to ensure your account setup and transactions are accurately recorded and reflected on your financial statements.
You can also refer to this article for additional guidance: Customize company and financial reports.
For future reference, if you want the same settings of the customized report to be available for future use, you can memorize them. Learn more through this article: Create, access and modify memorized reports.
Please feel welcome to reply to this thread if you have further queries with your subaccounts reflecting on your balance sheet. The Community team will be ready to loop back to assist you. Take care.
