You are doubling up because you are entering twice as many transactions as you may need. I feel like half of the work I've done should not be done but it doesn't make sense why not.
#Quickbooks 2015 tutorial to journal entry plus
Now, after this process, on my P&L, I have an amount on my Gains from Asset Sales account, plus an amount in my Sales income account, therefore realizing gains twice. Also, when I receive the payment and deposit it into the bank account, there is a double entry from the GJ entry. By creating the invoice or sales receipt and add the Fixed Asset as an item and receiving a payment against either, it creates an entry on the Fixed Asset account for the sales price, which throws off the account balance/zero. I also mark the item as sold within the Fixed Asset Item dialog and enter the sales info (date, price). I can create an invoice or sales receipt and apply the payment which is deposited to a bank account or intermediate account (same result). Then items that sold received a payment against them. This is fine and it zeroes the asset account, however. When following the normal convention for selling a fixed asset, I created a GJ entry crediting the Asset account, debiting the accumulated depreciation account, debiting my bank account (checking or intermediate account has the same result), and crediting a Gain account. I'll outline the problem I'm having below, hopefully as concisely as possible. I'm pulling my hair out trying to make sure I don't have double entries for sales prices and such. I'm trying to clean up my books and properly remove some fixed assets that were purchased in years past and sold or disposed of last year.
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