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hello and thank you for watching my name is Rachel Barnett with gentle frog Im here to create videos for you to help you understand QuickBooks slightly better than you currently do if you have any comments questions or suggestions please put them in the chat box thank you in this video I want to show you how to add an asset purchased with a loan so lets make it simple and just imagine that we bought a company vehicle what we know in real life is that we gained a vehicle and we have a loan to buy the vehicle so to take care of setting this up Im just going to start with the chart of accounts somebody go to accounting and then chart of accounts in the upper right hand corner Im going to select new and then Im going to start with the asset because I think its more interesting though alone so save under my uh my vehicle my imaginary vehicle it is a fixed asset the difference between a fixed asset and another current is how quickly itll be used up um I feel like my imaginary vehicle