The Step By Step Guide to Process a Trade In on a New Vehicle

[@jingibbons6995]

Thank you so much!! This is exactly what I have been trying to figure out. 🙂

[@CandusKampfer]

Oh my gosh, thank you so much! We love hearing this. 🙏🏻 If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips Have an amazing day! Sam ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/

[@rosazapata3306]

Thank you Candus, this is very helpful!

[@CandusKampfer]

Oh my gosh, thank you so much! We love hearing this. 🙏🏻 If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips Have an amazing day! Sam ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/

[@Em11222g]

Love your videos!!!

[@CandusKampfer]

Thank you Emily!

[@jhoannarossrivera4653]

Thank you for posting this video! :D

[@CandusKampfer]

Hi! Thank you for watching our videos Glad it helped you. Have an amazing day! Ednalyn ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/

[@TinaHope-m2n]

this is great detailed info on how to do this entry and the understanding behind it. Can you also tell me, with a down payment made, do we add or subtract when determining the 'balance due' for the new asset? Thanks in advance

[@CandusKampfer]

Hi Tina, Thank you for watching our video. I'm so glad you found it helpful! If you're interested in more in-depth training on this topic, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus

[@davidsweeton4490]

This was very helpful, thank you

[@CandusKampfer]

Glad it helped you. Have an amazing day! Ednalyn ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/

[@neil2o]

Helpful thanks

[@CandusKampfer]

Thank you for watching our videos Glad it helped you. Have an amazing day! Ednalyn ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/

[@AnnArcillas-j3j]

This is super helpful! Hoping you can make a video on how to record a sale of property or sale of an asset. ^_^

[@CandusKampfer]

Hi, Thank you! I am so glad that it helped 😊 I will add your question to the list Candus uses to create new QuickBooks tips each month. The best possible way for you to receive support from Candus is to register for and attend her workshop. Here is the link to register to attend: canduskampfer.com/workshop Have a great day! Daniel ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer

[@PaulAlvarez-q6p]

The Like-Kind Exchange rules only apply to real estate, so the cost of the Ford cannot be reduced by the gain on the Ram. The gain on Ram must be recorded as income.

[@mohebulahbarakzai2525]

would you please let me know , how to recorde the income generated from Vehicle renting and experses assoiated with that vehicle?

[@CandusKampfer]

Hi, Thank you for watching our video. If you're interested in more in-depth training on how to record the income generated from vehicle renting and expenses associated with the vehicle, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus

[@PaulAlvarez-q6p]

Also, the taxes, etc. must be added to the cost of the Ford, not expensed.

[@CandusKampfer]

Hi, Candus is not a tax professional. The example from this video came straight from a CPA. That's why she always recommends checking with a tax professional for these kinds of situations. Have a good day, Samantha, Team Candus

[@poojakoirala6516]

What is trade in vehicle was used for company but never entered as company's assets because it was initially purchased by Personal money but used for business

[@toddcenter55]

Its either company property or not. If its not company property the trade in would not be recorded on the company books.

[@jhoannarossrivera4653]

Should I still need to set up depreciation for the new vehicle?

[@JasonErdmann]

yes

[@anabelduran8880]

Hi. How do I record a sale trade in of a fixed asset without a loan to purchase a new vehicle ?

[@CandusKampfer]

Hi Ana, Thank you for watching our video. If you're interested in more in-depth training on how to record a sale trade in a fixed asset without a loan, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus