If your business spends money on an intangible asset such as a patent or trademark, set up the asset in QuickBooks as you would a fixed asset. Create a fixed asset account, an accumulated amortization ...

The assets you cannot touch or see but that have value. Intangible assets include franchise rights, goodwill, noncompete agreements and patents, among others. One of the line entries on your balance, ...

Creating accurate financial statements is an inevitable part of doing good business, especially if your business has investors. Each financial statement serves a different function and provides ...

Fixed assets and depreciable assets are two very closely, interrelated items on a company's balance sheet. Let's define each and describe how they are the same and subtly different. A fixed asset is ...