Create an asset account

1  On the navigation bar, click Accounts.
2  At the bottom of the screen, click New Account. The New Account wizard appears.
3  Click Not held at a bank, brokerage or other financial institution.
4  Choose Asset as the kind of account.
5  Follow the instructions on the screen.

For the opening balance, enter the value of the item or items. For example, if you purchased an antique for $2,000, enter that amount as your opening balance. You can then enter an adjustment transaction to reflect any changes in the value of the asset.


How do I enter a change in the asset value?

Tell me more about asset accounts.