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Discover the updated GST rates in QuickBooks Online Singapore Find out more

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Catherine_B
QuickBooks Team

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Hello there, iloveaccounting2.

 

Making sure you take care of these sorts of situations is an essential part of bookkeeping. To determine which accounts you need to pick for your journal entry, I recommend consulting an accountant. That way, your balance will correctly post to the correct account and zero out a fixed asset. 

 

You can also run reports that will help you in reviewing your account balances. 

 

Let me know if you have other questions. Take care and have a good one!