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!
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/
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
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.
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
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/
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.
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
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
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
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
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/
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 :)
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
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.
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
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
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
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.
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
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
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?
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
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
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
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.
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. :)
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
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
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?
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
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
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
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
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.
Please remove the other pre-created accounts; in this case, pre-created "Depreciation" & "Accu. Depreciation". It will be helpful for better understanding.
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!
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/
Same for me!
I do not and I know I should. That is why I am watching this. So glad found your you tube channel. Thank you.
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
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.
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
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/
Form 4562
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.
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
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.
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
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.
Thank you for your request. I’m sorry at this time we don’t cover gst.
Great Presentation!
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
Love your videos
Thank you!
Thank you so much! That was incredibly helpful.
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
Amazing knowledge 😮 🎉thank you .
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/
You're so much better than my accountant
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 :)
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
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.
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
Thank you - how do you enter the "Original Cost"?
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
Thanks for sharing
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
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.
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
Very helpful Thank you ❤️
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
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?
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
Great presentation. Thank you!
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
This was excellent. Thank you so much!
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
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.
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. :)
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
Jacueline, depreciation shows on the Balance Sheet because that's where assets show up and Accumulated Depreciation as a contra-asset account.
Thank you ma'am!!
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
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?
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
@@CandusKampfer thank you!
If I have 5 vehicles should I do the depreciation in a sub account also or is it necessary
Tami,
This is totally up to how you want to see it on your reports.
Very useful Post,,, Thanks Madam
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
Thank you!
You're very welcome Trudy! ~Kindra/Team Candus 🤩
I prefer to book depreciation monthly so I have a better income statement review by the 10th.
How to set up a loan from your company to another entity?
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
Than you!
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
Your English is too fast😂 thank you!
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
@@CandusKampfer Thank you so much! Do you have video on quickBooks for manufacturing company?
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.
Please remove the other pre-created accounts; in this case, pre-created "Depreciation" & "Accu. Depreciation". It will be helpful for better understanding.
Thank you for your feedback. 😊