#How to activate quickbooks 2010 software#

Since we have memorized the transaction as a Standing Order, monthly when it is due, QuickBooks will prompt you to activate your memorized Standing Order transaction until the Number Remaining is equal to вЂ0вЂ™. How can I recall the memorized transactions?

Save & Close your memorize General Journal.

Number Remaining: 35 (total 36, less current journal).

I added a вЂComвЂ™ in front of the Memorized General Journal is to differentiate between Computers and other fixed assets such as Furniture & Fittings (FF)).

Name: Com-IBM ThinkPad T60-12345678 (Note: you may have to shorten the name to fix into the name field.

In the General Journal Form, right-click and select Memorize General Journal. How can I record monthly depreciation schedule of the asset?ДЇrom General Journal, credit IBM ThinkPad T60 вЂ“ 12345678 (Fixed Assets type of account) for $63 ($2268 / 36 months) and debit Depreciation вЂ“ Computers expense account for $63. This is to capture the depreciation of the individual asset. Then, create the Depreciation Expense account for Computer, Furniture & Fittings, etc in your Chart of Account list. This information will printed when you printed out the Account List report. You may consider adding the extra information such as location of the asset, who uses it and warranty information in the Description field of the account profile. Since this is not the actual set of financial account, so it does not matter if I were to use Cost of Goods Sold account for this transaction, I just need an account for my double entry. I will debit IBM ThinkPad T60 вЂ“ 12345678 account for $2,268 and crediting Assets Purchase account (Cost of Goods Sold Account) for $2,268. Example: I bought an IBM ThinkPad T60 (serial number: 12345678), on, at $2,268. Next, I will pass a General Journal to record the value of the asset cost. Then, I will enter the entire Fixed Assets name such as IBM ThinkPad T60 вЂ“ 12345678, IBM ThinkPad T61 вЂ“ 12345678 and Compaq nx9010, etc under the sub item of the main category. In the Fixed Assets company file, Chart of Account list, I will first create the main categories such as Computers, Furniture & Fittings, Office Equipment, Motor Vehicle, Machinery and Property. I created one for my actual accounting and the other for my fixed assets tracking. How I use my QuickBooks to track the Fixed Assets? I prefer to use QuickBooks to do all my accounting schedule rather than using a separate program. I do not like to use spreadsheet to track my Fixed Assets partly, I am not good in spreadsheetвЂ™s formula. Then, base on the depreciation value, they will record it in QuickBooks via a General Journal.

#How to activate quickbooks 2010 software#

Most of the small businesses who cannot afford to have Fixed Assets tracking software will use a spreadsheet to record the Fixed Assets purchased with the depreciation schedule of the assets. I found that there is something crucial missing out from the Fixed Assets Profile вЂ“ Depreciation information. Personally, I do not like to use this Fixed Assets list provided by QuickBooks. In QuickBooks Asia version, it does provide a Fixed Assets Item list for user to keep track of the Fixed Assets purchased.