
How to Easily Record a Fixed Asset Purchase in QuickBooks Online (Step-by-Step Guide)
Accurately recording a fixed asset purchase in QuickBooks helps you monitor your finances and accurately file your taxes at the end of the year.
Fusion CPA is an Atlanta-based accounting firm offering QuickBooks implementation, bookkeeping, and tax planning support for individuals and businesses across the US.
With over 60 years of combined experience, our team helps you fully leverage QuickBooks to manage your financial ecosystem, streamline reporting, and drive business growth.
We go beyond setup. Our CPAs and QuickBooks ProAdvisors work closely with you to optimize workflows, ensure compliance, and customize your system to match your current growth phase. Whether you’re just starting with QuickBooks or refining an existing setup, our team adapts to your business needs.
Our Atlanta-based firm has implemented and optimized QuickBooks for companies in a range of industries, from professional services to growing mid-sized enterprises, across the country.
Whether you’re a Georgia-based business growing across state lines or managing multiple entities, we help ensure your QuickBooks system is built for compliance, clarity, and scalability.
Fusion CPA has been a staple for my personal and business tax preparation needs for the past 7 years. They are accurate, efficient, and very responsive to their clients. I can also trust them with my QuickBooks clean up. I'm amazed at how quickly they can organize my bookkeeping. It's great to know Fusion will take care of my accounting and tax needs so I can focus on the parts of my business that require my expertise. Highly recommend this group!
Erin Torzewski
QuickBooks is no longer just for small businesses. Today’s versions support mid-sized enterprises with:
Whether you’re scaling or just cleaning up, we help address issues like:
At Fusion, our experienced CPAs have successfully implemented QuickBooks for businesses across different industries.
QuickBooks is an accounting software platform designed to streamline financial management for businesses. It simplifies bookkeeping tasks, facilitates invoicing and payment tracking, manages expenses, and generates detailed financial reports. With features like payroll processing, tax preparation support, and bank reconciliation, QuickBooks offers a comprehensive solution for businesses of all sizes.
QuickBooks offers various package plans with different features to suit your needs. These include:
Speak to our CPAs to choose the right package for your business.
To set up your QuickBooks you will need the following essential business details:
The intricacies of the setup will depend on the version of the software your business uses.
Contact us for best practices.
Some of the QuickBooks plans come with a free 30-day trial. Thereafter, the pricing varies based on the version and plan you choose.
Our CPAs can help assess your business needs and align them to the most cost-effective solution for you.
Fees paid for accounting services and software like QuickBooks are considered ordinary and necessary business expenses. Therefore, they are typically deductible on your tax return. However, tax laws can vary. It is essential to consult with a CPA to ensure that you meet all the relevant requirements.
Yes. Managing your personal finances with QuickBooks is easy and can be kept in the same account but separate from business expenses.
Consult with a CPA to learn how to reconcile your personal accounts for accurate financial tracking.
Yes. QuickBooks can easily be integrated with other applications. Speak to your CPA to ensure that the integrations are executed effectively.
Yes. QuickBooks integrates with various payment processors, like PayPal. This functionality enables businesses to invoice clients and customers directly through QuickBooks, with the added convenience of online payment options.
Yes. You can track employee hours for efficient payroll processing within QuickBooks. This helps ensure accuracy and timeous employee payments. You can also pay taxes due for payroll directly from the software.
Employee data reports offered by QuickBooks Online include: Payroll Summary, Payroll Detail, Payroll Deductions and Contribution, Employee Detail, Employee Directory and Total Pay.
Yes. You can track and monitor your inventory seamlessly. The software allows you to input and update product information, including quantity on hand, cost, and sales price. QuickBooks can automatically adjust inventory levels as you make sales, purchases, or returns. This feature is beneficial for businesses involved in retail, e-commerce, or manufacturing.
It is possible to outgrow QuickBooks. The most common signs of this can be found on this blog.
We don’t just implement software, we help you grow with it. Fusion CPA combines tax, bookkeeping, and controller expertise under one roof, creating a seamless support system for your entire finance operation.
Accurately recording a fixed asset purchase in QuickBooks helps you monitor your finances and accurately file your taxes at the end of the year.
Understanding the financial needs of your business will help you determine which of Quickbooks’s grouping features will benefit your business best.
QuickBooks and NetSuite accounting software cater best to different businesses. Consider the following when upgrading to NetSuite from QuickBooks.
At Fusion CPA, our experienced team can handle your bookkeeping needs, implement QuickBooks Plus effectively, and provide expert advice to help you optimize your financial
Automating data entry saves you time and gives you improved data visibility to encourage taking data-driven decisions.
Your accounts receivable and accounts payable processes ensure operational efficiency, constant cash flow, and serves as the basis upon which you can do cashflow forecasts
Quickbooks is accounting software that makes it easy to monitor the financial well-being of a small businesses.
So, what does Expensify do? Employees who often need to record their receipts for business expenses can benefit from Expensify.
When you have outgrown QuickBooks Online, knowing where to turn can help you better manage your company’s finances and accounting with ease.
As your business grows, we grow with you. Our CFO and controller services support businesses through key transitions, whether you’re expanding locations, adding services, or preparing for outside investment.