Am using Quickbooks Pro Desktop 2019 and have set up some fixed assets in the Fixed Asset Item List. I have also made sure that the chequing transactions have the items under the Items tab, and not the Expenses tab. So far so good, BUT the depreciation being recorded at the year end does not link back into the list and the depreciation, cost basis and book value columns remain blank. The only way for me to now track the net book value (NBV) is by looking at the Chart of Accounts. Anyone out there know why this is happening?
Thanks for providing an in-depth detail about the depreciation not reflecting the Item List.
Before anything else, may I know if you're using QuickBooks Fixed Asset Manager? If so, you'll need to verify if the depreciation method is correct for the type of calculation expected.
To check this, I suggest checking the steps found in these articles:
Please note that these articles are for QuickBooks Desktop for United States but it can also apply to the program you're using.
Please update me on how the steps goes. I'll be on a look out for your response on this. I'll be around if you need further assistance.
No joy I'm afraid. I'm beginning to think that the FAM is not something that is part of the Desktop Pro version. Strange since the columns are there, just not populated with numbers. I can't even get to a Fixed Asset manager menu, setting etc.
hi @Kitten2019 ,
FAM is only available in QuickBooks Desktop Premier Accountant, Enterprise, and Enterprise Accountant
You may consider upgrading your Pro to Premier Accountant with perpetual license.