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Entering Fixed Assets

BC_58BC_58 Member Posts: 1

I am new to WAVE, very new. I have used Quick books for years and I want to simplify things so that is why I started WAVE accounting. I need to assign the value of our fixed assets that are on our books now in WAVE. I have them entered but I can't figure out how to put the value to them.

in Accounting Technical Support

Comments

  • JamieDJamieD Administrator Posts: 1,156 admin

    Hey @BC_58! Essentially, you would need to make sure that you create an Asset account in Wave (under the Chart of Accounts) and from there, you could technically add a starting balance transaction for that particular asset account (this amount will show in the Account Balances report as well). From here, if you ever need to make a payment on the asset etc, you would just need to create a Journal Transaction for the account as well.

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