Thanks for joining in, @kingcohandymanse. To confirm, yes. QuickBooks Online uses the same concept of recording equipment purchases with QBDT.
But since they have different platforms, you can follow the steps to create an Asset Account for the equipment in QBO:
- Go to the Settings ⚙ menu.
- Select Chart of accounts.
- Select either a New account or a New category.
Next, refer to Step 2: Set up an asset account outlined in this article: Set up an asset account in QuickBooks Online. Then, select the option you see depending on your account view.
Then, follow the steps to create a journal entry in QuickBooks Online. I'd recommend consulting your accountant to guide you in recording your books accurately.
Check out this article to learn more about the chart of accounts in QuickBooks Online.
Let us know if you need more help in setting up an asset account for your equipment. We're always around to assist.
