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How to enter Depreciation into QuickBooks 

Candus Kampfer
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19 авг 2024

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Комментарии : 69   
@beverlywilliams2510
@beverlywilliams2510 2 года назад
I do not and I know I should. That is why I am watching this. So glad found your you tube channel. Thank you.
@CandusKampfer
@CandusKampfer 2 года назад
I'm so glad you found us! If you would like to learn more about QuickBooks, we will be hosting special workshops in January. You can add your contact information here: canduskampfer.com/training Have a great day! Ireland Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer
@yair1956
@yair1956 Год назад
As you mentioned, and one of the big advantages of QuickBooks is working around the Journal Entry, which is a bit intermediating for most unprofessional users, & can get you in trouble if you don't have any idea or experience with Ledgers, so it can be very helpful if you can post the process of by passing the Journal Entry by using the Chart of account only.
@sarahs7096
@sarahs7096 Год назад
This helped me so much!! Everything I read online completely neglected to mention the depreciation expense account, which was causing my asset to be out of balance. Thank you!
@CandusKampfer
@CandusKampfer Год назад
We're so glad it helped you. Have an amazing day! Ednalyn ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
@micahbelliston6052
@micahbelliston6052 5 месяцев назад
Same for me!
@christinevalenti8080
@christinevalenti8080 4 месяца назад
You're so much better than my accountant
@christinevalenti8080
@christinevalenti8080 4 месяца назад
Really I love you the most amount. My accountant did my taxes last year and this year I'm doing turbotax and couldn't figure out why it didn't match and you helped me figure it out. He should have told me to adjust for depreciation in QB! Although he would have mansplained it so I'd rather hear it from you :)
@CandusKampfer
@CandusKampfer 4 месяца назад
Hi Christine, Thanks for reaching out. I'm so happy you've found Candus's teaching style helpful! 🥰 If you’d like to learn more about how to optimize QuickBooks for your business, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus
@kulwinderthind9347
@kulwinderthind9347 3 года назад
Your videos are very simple to understand clearly about topics. Could you please also make a video about how to track gst and file it online.
@CandusKampfer
@CandusKampfer 3 года назад
Thank you for your request. I’m sorry at this time we don’t cover gst.
@suewahl7955
@suewahl7955 2 года назад
Thank you so much! That was incredibly helpful.
@CandusKampfer
@CandusKampfer 2 года назад
Hi Sue, I'm so glad this helped you! If you're looking for more QuickBooks training, I'd recommend joining us on our next workshop. You can save your seat here: canduskampfer.com/workshop Have a great day! Ireland Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer
@debblouin
@debblouin Год назад
I prefer to book depreciation monthly so I have a better income statement review by the 10th.
@angelasalvania8269
@angelasalvania8269 2 года назад
Great Presentation!
@CandusKampfer
@CandusKampfer 2 года назад
Hi Angela, Thank you so much! I'm glad you enjoyed it! If you enjoyed this tip and would like to get them straight to your inbox in the future you can join our weekly Tips & Tricks: canduskampfer.com/weeklytips Have a great day! Ireland Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer
@rawtravel6417
@rawtravel6417 2 года назад
Love your videos
@CandusKampfer
@CandusKampfer 2 года назад
Thank you!
@grizzygriz7957
@grizzygriz7957 Год назад
What is the name or form number that the accountant prepares that list all your depreciated assets? And does it show previous balances from prior year(s)? I want to check for accuracy. This video presentation was straight forward. Thank you
@CandusKampfer
@CandusKampfer Год назад
Thank you for watching our videos 😊 I will add your question to the list Candus uses to create new QuickBooks tips each month. If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips Have a great day! Ednalyn ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
@marketbuy
@marketbuy 7 месяцев назад
Form 4562
@frankayala3950
@frankayala3950 Год назад
Amazing knowledge 😮 🎉thank you .
@CandusKampfer
@CandusKampfer Год назад
Glad it helped you. Have an amazing day! Ednalyn ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
@dr.olivianews9959
@dr.olivianews9959 2 года назад
This was excellent. Thank you so much!
@CandusKampfer
@CandusKampfer 2 года назад
Hi Olivia, I'm so glad this helped you! If you're looking for more QuickBooks training, I'd recommend joining us on our next workshop. You can save your seat here: canduskampfer.com/workshop Have a great day! Ireland Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer
@marketbuy
@marketbuy 7 месяцев назад
You started showing us how to set up a Fixed Account. You then immediately confused us by switching around by setting up Accumulated Depreciation Account. Was there a video on how to set up Fixed Account? I looked in your library but did not see one.
@manilajayasinghe3864
@manilajayasinghe3864 2 года назад
Very helpful Thank you ❤️
@CandusKampfer
@CandusKampfer 2 года назад
Hi Manila, I'm so glad it helped you. Have an amazing day! McKenzie ~ Team Candus P.S. We’d love to connect with you find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer
@MrChanroth007
@MrChanroth007 Год назад
Thanks for sharing
@CandusKampfer
@CandusKampfer Год назад
No problem Keo! Thanks for watching. Have an amazing day! Kindra ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer
@lindajohnson4096
@lindajohnson4096 2 года назад
Great presentation. Thank you!
@CandusKampfer
@CandusKampfer 2 года назад
Hi Linda, I'm glad you enjoyed it! If you would like to learn more about QuickBooks, we are hosting special workshops. You can add your contact information here: canduskampfer.com/training Have a great day! Ireland Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer
@edwinngugi5352
@edwinngugi5352 5 месяцев назад
Than you!
@CandusKampfer
@CandusKampfer 5 месяцев назад
Hi, Thanks for reaching out. I'm glad you enjoyed this video! If you’d like to learn more about how to optimize QuickBooks for your business, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus
@carringtonlovejr2325
@carringtonlovejr2325 5 месяцев назад
Thank you ma'am!!
@CandusKampfer
@CandusKampfer 5 месяцев назад
Hi, Thanks for reaching out. I'm so glad you enjoyed our video 🥰 If you’d like to learn more about how to optimize QuickBooks for your business, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus
@srinivasjaisairam1989
@srinivasjaisairam1989 3 года назад
Very useful Post,,, Thanks Madam
@CandusKampfer
@CandusKampfer 3 года назад
You're Welcome 😊 Have an amazing day, Ednalyn ~ Team Candus P.S. We’d love to connect with you find us at ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer
@mohammadmusabeh2910
@mohammadmusabeh2910 Год назад
Hi, is there a way where i can define the asset life and have the system generate the Dep/Acc Dep monthly instead of manual entries? Thank you.
@CandusKampfer
@CandusKampfer Год назад
Hello! Thank you for watching our videos 😊 I will add your question to the list Candus uses to create new QuickBooks tips each month. If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips Have a great day! Kindra ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer
@israelalvarado9720
@israelalvarado9720 Год назад
question, when i want to create an depreciation account as a sub account on an asset, i don't get the same window that you get, i get asset>fixed assets. and everything else is grayed out. it will not let me create it under a sub account.
@CandusKampfer
@CandusKampfer Год назад
Thank you for watching our videos 😊 Hi Israel, I will add your question to the list Candus uses to create new QuickBooks tips each month. If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips Have a great day! Kindra ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer
@smallbiztaxlady
@smallbiztaxlady Год назад
Thank you!
@CandusKampfer
@CandusKampfer Год назад
You're very welcome Trudy! ~Kindra/Team Candus 🤩
@TalinsRealZ
@TalinsRealZ 9 месяцев назад
Hello! I am never given any worksheet from my CPA showing my journal entries I need to make on depreciation for any fixed asset. Is there a way to find them on the tax returns or figure out what they should be? I have fixed assets that are from prior years that I'd like to remove from my books that I have sold especially in 2021.
@CandusKampfer
@CandusKampfer 9 месяцев назад
Hi, The tax return should have the fixed depreciation schedule include. If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips Have an amazing day! Sam ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer
@jacquelinecasper9991
@jacquelinecasper9991 2 года назад
Hi. Thanks for this video! It was really helpful. There was one part that confused me. You mentioned that the Depreciation shows up as an expense on the Balance Sheet, but I thought the Depreciation Expense is on the Income Statement and the Accumulated Depreciation shows up on the Balance Sheet. Can you please clarify? I am new and still learning. Thanks. :)
@CandusKampfer
@CandusKampfer 2 года назад
Hello Jacqueline, Expenses will show on the Profit and Loss Assets (Accumulated Depreciation) will show up on the Balance Sheet. Have a great day! Candus
@skydancer15
@skydancer15 Год назад
Jacueline, depreciation shows on the Balance Sheet because that's where assets show up and Accumulated Depreciation as a contra-asset account.
@stjepanvidovic7193
@stjepanvidovic7193 2 года назад
good video. I have a question. For companies that are remote only and have an international contractors team, and which don't have any physical goods, how to do amortization/depreciation? I suppose that they probably have intangible assets, such as know-how. How to add it in that case? How to even valuate that know-how properly?
@CandusKampfer
@CandusKampfer 2 года назад
Hi Stjepan, I'll make sure your question is added to Candus' list of future Tips & Tricks ideas. If you'd like to make sure you get our weekly tips, you can join here: canduskampfer.com/weeklytips Have an amazing day🙂 Elaine Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer
@staceywilks69
@staceywilks69 2 года назад
Thank you - how do you enter the "Original Cost"?
@CandusKampfer
@CandusKampfer 2 года назад
Hi Stacey, I'm glad you found the video helpful. If you’re looking for more specific training, I would recommend checking out our special workshop 🥳 You can click here to save your seat: canduskampfer.com/workshop Have a great day! Ireland Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer
@accountonmystillc3036
@accountonmystillc3036 2 года назад
Hi! Thank you so much for this! This was very helpful! How would you suggest listing over 20 FAs in QBO if coming from an previous CPA with no bookkeeping and only the Tax Asset Detail from Desktop? They have disposed of over half the list and added others.
@CandusKampfer
@CandusKampfer 2 года назад
thank you for watching the video Account on Mysti LLC 😊 I will add your question to the list Candus uses to create new QuickBooks tips each month. In order for you to get your specific questions answered, from Candus is to register for and attend her workshop. Here is the link to register to attend: canduskampfer.com/workshop Have a great day! Elaine Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer
@thomwalker2888
@thomwalker2888 2 года назад
How to set up a loan from your company to another entity?
@CandusKampfer
@CandusKampfer 2 года назад
Hi Thom, I'll make sure your question is added to Candus' list of future Tips & Tricks ideas. If you'd like to make sure you get our weekly tips, you can join here: canduskampfer.com/weeklytips Have an amazing day🙂 Elaine Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer
@monicagranados4177
@monicagranados4177 2 года назад
Thanks! Please, I don't understand what is the use of creating the items in "Fixed Asset Item List"... Is there no way to "Call" them in the registry? is it just to have the information?
@CandusKampfer
@CandusKampfer 2 года назад
Hi Monica, I'll make sure your question is added to Candus' list of future Tips & Tricks ideas. If you'd like to make sure you get our weekly tips, you can join here: canduskampfer.com/weeklytips Have an amazing day🙂 Elaine Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer
@monicagranados4177
@monicagranados4177 2 года назад
@@CandusKampfer thank you!
@AZdomingo
@AZdomingo 2 года назад
If I have 5 vehicles should I do the depreciation in a sub account also or is it necessary
@CandusKampfer
@CandusKampfer 2 года назад
Tami, This is totally up to how you want to see it on your reports.
@sophiestorontolife6566
@sophiestorontolife6566 Год назад
Your English is too fast😂 thank you!
@CandusKampfer
@CandusKampfer Год назад
There is a little wheel in the right bottom corner (settings) where you can slow down the video if you'd like. 😊 Kindra/Team Candus
@sophiestorontolife6566
@sophiestorontolife6566 Год назад
@@CandusKampfer Thank you so much! Do you have video on quickBooks for manufacturing company?
@Bestitwest
@Bestitwest 6 месяцев назад
Yes, she speaks very fast but clearly. Sadly, in the US, English is spoken very fast due to the influence of Spanish speakers. English sounds extraordinarily BEAUTIFUL when it is spoken just the way the Brits intended.
@shibli.theone
@shibli.theone 2 года назад
Please remove the other pre-created accounts; in this case, pre-created "Depreciation" & "Accu. Depreciation". It will be helpful for better understanding.
@CandusKampfer
@CandusKampfer 2 года назад
Thank you for your feedback. 😊
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