![]() You can now enter in fixed assets, such as furniture, equipment, machinery, vehicles, etc. If you later get rid of one of these items, you need the information to calculate loss or gain from the sale.Ĭlick the Item button on the bottom left of the window, then choose New. If you buy things such as vehicles, furniture, or equipment, you are supposed to track these things (fixed assets) in a list so you can calculate depreciation. But once you start using QuickBooks for business, those lists become the ingredients that make the program work. It may seem tedious to create all these lists. If you take those ingredients on their own, you simply have butter, eggs, and milk, right? But when you combine them (with other ingredients), they make a cake. Butter, eggs, and milk are just a few of those ingredients. When you bake a cake, the cake takes different ingredients. To help explain to you why lists are so important, let's use an analogy. Therefore, learning to create different lists should be very important to you. In this article, we are going to continue to learn how to create lists you are going to need to use this software effectively.
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