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ReyJohn_D
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I can share a few insights about fixed assets in QuickBooks Desktop (QBDT), @Bella1123.

 

Your fixed asset account balance will go up or increase when you make a payment against it. In this case, you'll own the products you purchase and hence counted as part of your asset.

 

If you sold your assets, it will decrease your fixed asset account balance. As always, I'd recommend consulting your account to further check this since every business has a unique set up. Don't have an accountant? We'll help you look for one through our Find-an-Accountant tool.

 

Also, you'll want to use our Fixed Asset Manager (FAM) tool to begin tracking your assets in QBDT. In case you run into some errors, you can refer to this article for the fixes: Resolve errors in FAM.

 

I'm a post away if you need more QuickBooks tips or have questions about handling your transactions. I'm here to take care of them for you.

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