Rustler, thank you so much for the prompt response! I was really amazed by your response time!

You are correct that I am taxed as a sole proprietor/"single-member LLC."

Your information definitely helps put me on the right track except that there is one more caveat I forgot to mention:

• This asset purchase was made with a B&H (Synchrony) 12-month 0% Financing Credit Card.
• I have that 0% financing credit card set to where it will charge the first 9 payments to my business checking (that is linked to my Quickbooks Online) which will of course come through the Banking section of my Quickbooks Online for me to "Categorize" and account for those payments.

Given that information, how could I factor those first nine 0% payments into the other "line-item" suggestions you previously provided me with? And based on your answer to that question, how would I properly "Categorize" those payments that will be showing up monthly for 9 months so that the numbers stay accurate within this new fixed asset account I need to create?

(Also, as a very right-brained artist I reach "Aha" moments much quicker when my brain can process data entry in an at least somewhat visual way or "recipe" type way. I don't want to ask too much of you, so no problem if you can't oblige this in your response, but it would be AMAZING if you could please reply in a format that looks something like this to help me digest what I need to be doing within Quickbooks exactly (realizing my example is probably pretty inaccurate currently):

CHART OF ACCOUNTS

• Create New Account With Following Details:
  • Account Type = Fixed Assets
  • Detail Type = ?
  • Name: = Camera?
  • Check the box called "Track depreciation of this asset."
    • Original Cost (below that checkbox) = $Total Purchase price of the item (Including the 25% portion that will be paid from my personal checking (my personal checking is NOT connected to Quickbooks Online).
    • "as of" date (for original cost) = Date Purchased?
    • Depreciation = ?
    • "as of" date (for depreciation) = ?

(What I listed above is about as far as I could make it on my own, and I'm not even that confident in my correctness of those first steps listed above. I presume some Journal entries are likely involved in this process, but the fact that I'll have 9 monthly payments coming through QBO's banking section for this item makes me question my Journal entry assumption, as well as how often I need to make Journal entries if they are needed..)

Thanks so much in advance for your wisdom! You're a total rockstar all over Quickbooks support channels and (I realize how convoluted this situation I'm inquiring about is, or at least to me it is anyway!)