1500 Furniture and Fixtures
The default fixed-asset account for long-lived furniture, shelving and fixtures. Recorded at cost and depreciated, not expensed.
In Solo Superstars
One of five fixed-asset accounts in the default chart (1500–1540). Add the asset on the Fixed assets page and the app books depreciation for you.
Example
A $2,400 desk and shelving: debit 1500 2,400, credit 1010 Checking 2,400. Depreciated over its useful life.
Codes shown are the defaults a new workspace starts with. Yours may be renamed or renumbered — check Accounting › Chart of accounts. See the full default chart.
Also called
- furniture
Related
- Fixed asset — Equipment, vehicles, furniture or property you will use for more than a year. Recorded at cost and depreciated, not expensed.
- Depreciation — Spreading the cost of a long-lived asset over the years you use it, instead of expensing it all at once.
- 1590 Accumulated Depreciation — The running total of depreciation taken on all fixed assets. A contra asset, so the balance sheet reads cost minus wear.
- Chart of accounts — The list of buckets your money can be sorted into: assets, liabilities, equity, revenue, expenses. New workspaces start with a default set you can rename or extend.
- Default chart — The chart of accounts every new workspace starts with, numbered the way QuickBooks users expect. Yours may have been renamed or extended since.