There is what seems to be a nice feature in QB called the fixed asset list. A place to list all the companies large dollar items. That is the definition of a fixed asset, something that costs a lot and is expected to last more than one year. Something that usually qualifies for depreciation.

The problem with the fixed asset list in QB is that it is not connected to anything. That’s right if you enter an item in the fixed asset list with a cost, nothing happens to the financial records.

You have NOT bought it.

Same thing when you sell it, nothing happens in the financial accounts. In fact the list is so stupid that when you sell it (enter on the list that it is sold), the list still shows it as being on hand with a value.

The list is useless unless you just like a handy list to look at.