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how to record the sale of an asset in QuickBooks hey everyone this is Matt holtquist with the QuickBooks University if this video is helpful please give it a thumbs up and also share it I sure would appreciate that also head over to the QuickBooks University sign up for the master class training got the link down there in the description of the video and the first pinned comment okay so what we want to do here I get this question quite a bit is we need to show the sale of an asset in QuickBooks and in this example what Im going to do is Im going to show you uh you know if its financed if you have a loan on it how do we get rid of that alert so theres a couple things going on here when you sell an asset okay so Im going to pull up the balance sheet here and you can see uh this balance sheet we have okay so we have the assets here and then we have the loans down here so when you sell an asset that has a loan on it theres a couple things you got to do one youve got to take the asse