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Asset management in QuickBooks Online

With Hala Digital Skills, you can manage the assets in QuickBooks Online by using natural language.

Create assets

You can create assets in Hala and manage them in integration with QuickBooks Online. A new asset would be created on the Hala side, and then you can make the automatic postings of the journal entry with depreciation, write-off, or sales in QuickBooks Online.

Inbox user interface

Manage assets

Manage assets by deleting, editing, or duplicating them. With Hala, you can manage assets in integration with QuickBooks Online and see the list of all the assets with information about the remaining balance, posted depreciation, and more.

Customer profile user interface

Run depreciation

With Hala, you can run the monthly depreciation for your assets, and Hala will make an automatic posting of the journal entry in QuickBooks Online. Hala aggregates information about the assets and posts one journal entry in QuickBooks Online with many lines. Two lines (debit/credit) equal one asset.

Inbox user interface

Posting in QuickBooks Online

For all the postings in QuickBooks Online for assets, Hala uses the accounts from asset master data. Whenever you execute the action (depreciation run, write-off, sales), Hala creates a QuickBooks Online journal entry.

Customer profile user interface

Asset write-off

In Hala, you can write-off and sell your assets. Hala will automatically calculate the asset's remaining balance value (initial value minus depreciation) and then create a post of a QuickBooks Online journal entry for the remaining balance value.

Inbox user interface

Depreciation report

If you would like to get the information about posted depreciation in QuickBooks Online, you can execute the skills for previous depreciation runs and get all the values, including total balance value, posted depreciation, and dates.

Customer profile user interface

Bulk upload of assets

You can upload the assets from the CSV file. For example, if you manage the QuickBooks Online assets in Excel and plan to switch to Hala functionality to manage the assets, you can use this skill to upload all of your assets into the Hala.

Inbox user interface

Asset management in QuickBooks Online

Hala provides the opportunity to manage the assets in QuickBooks Online automatically.

Assign classes

Manage the assets in QuickBooks Online by using your classes.

Assign departments

You can assign QuickBooks Online departments to your assets.

Assign employees

Assign assets to employees and manage the lifetime of the assets.

Depreciation type

Define depreciation type for your assets, now available only straight-line method.

Assign accounts

For each asset, you need to assign an asset balance, depreciation, and write-off account.

Asset management

Manage all of your QuickBooks assets in one place via natural language.

Run depreciation

Hala makes the actual posting of a journal entry in QuickBooks Online.

Asset reports

Get all the data you need about your assets, assignments, remaining balance amount, and more.

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Benefits

Save your time on assets management in QuickBooks Online

With Hala, you can manage the assets in one place, make automatic postings in QuickBooks Online. You can save the time needed during the closing period for posting the information about the assets.

70% Time reduction in closing the periods for assets.

1 One place to manage the assets.

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