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Home   Help with Intuit Products   International   QuickBooks Canada   General Discussion (Canada)  
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04/19/2013 at 09:23AM PDT
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01/30/08 2:23pm PST

amortization account type

What is the account type for accumulated amortization? I know I should ask my accountant, but he is on vacation for a coulple of days and I want to clear off my desk.

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Accumulated Depreciation is a "Fixed Asset" Account (i.e. "Shop Equipment" would be header Account, "Shop Equipment @ Cost" would be a sub-account and "Shop Equipment - Accumulated Depreciation" would also be a sub-account - negative value).

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