Hello where is the FAM in QuickBooks desktop enterprise 2024

Hi Darshana,

Thanks for reaching out to us in the Community! QuickBooks Desktop Enterprise offers tons of great features to easily manage your books. I'll be happy to help you record fixed assets in the software.

First, we have to create an asset account to track the current and depreciation of your assets.

Here's how:

1. Go to the Accountant tab, and then choose Chart of Accounts.
2. From the Account dropdown, choose New.
3. From the Add New account: Choose Account Type page, and choose Fixed Asset (major purchases).
4. Click Continue.
5. From the Add New Account page, enter the necessary details. 
6. In the Detail Type drop-down arrow, select the option that nearly describes the asset.
7. Enter the account name.
8. Click Save and Close.

Once done, you can record the asset through Journal entry.

Here's how:

1. Go to the Company menu and select Make General Journal Entries.
2. Fill out the fields to create your journal entry. Make sure your debits equal your credits when you’re done.
3. Select Save or Save & Close.

Also, you may find these articles helpful:

• Manage fixed assets using Fixed Asset Manager (FAM).
• Set up Fixed Asset Manager (FAM).
• Use Fixed Asset Manager in QuickBooks Desktop.

Keep me posted if you have other questions about fixed assets. I'm always here to help. Have a great day!

Hi again. 

Thanks for quick response. 

But I cannot see accountant tab in version except File, Edit, View, Lists, Favorites, Sales tax, Customers, Vendors, Employees, Banking, Reports, Window and help. Only option available is "fixed asset item list" under "List". I have a doubt whether double entry will be created if I record any item there. 

Further I am recording fixed assets and depreciation manually. 

And I need to know whether system will support to user to create JEs when we update the item list? 

Hi Darshana,

Thanks for joining this thread. I can see how important it's to enter your transactions correctly in your QuickBooks Desktop account to keep your books balanced. I encourage you to reach to our customer support team. They'll be able to verify your account details in a secure setting to help you with this. You can review this article to contact our support team.

Let me know if you have questions, I'll be happy to help.