Track Purchased Assets in QuickBooks

Q: I use QuickBooks for real estate and property management. I am currently working on a Personal Property tax statement for which I was told by my Accountant that I need all assets that were purchased in the calendar year. Is there a report that I can print that will show this information?

A: If the assets were posted to the Asset account in QuickBooks, view your Balance Sheet Report to view the purchased asset.

Also give all your settlement sheets to your Accountant.

Gita Faust

About the Author

Gita Faust has over 30 years of accounting experience in the real estate and property management industry, Gita Faust is more than just a real estate investor; she is also popular for her work as an accountant, consultant, mentor, speaker, QuickBooks Top ProAdvisor, QuickBooks Solution Provider, member of Intuit’s Trainer/Writer Network, and, of course, author. Gita is well-known for her exemplary leadership and advisory skills. In fact, she even helped pioneer the adaptation of QuickBooks to suit the needs of professionals in real estate and property management. To share her knowledge she has written a series of courses titled Simplified Accounting Solution, which provides step-by-step guidance for those working with QuickBooks.

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