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Level 1

Quickbooks Pro Desktop - Fixed Asset Item List Depreciation not showing

Hi all,

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?

7 Comments
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Anonymous
Not applicable

Quickbooks Pro Desktop - Fixed Asset Item List Depreciation not showing

Hi @Kitten2019,

 

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:

 

Resolve errors or unexpected results in Fixed Asset Manager (FAM)

Use Fixed Asset Manager in QuickBooks Desktop

 

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.

Highlighted
Level 1

Quickbooks Pro Desktop - Fixed Asset Item List Depreciation not showing

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.

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Anonymous
Not applicable

Quickbooks Pro Desktop - Fixed Asset Item List Depreciation not showing

hi @Kitten2019 ,

FAM is only available in QuickBooks Desktop Premier Accountant, Enterprise, and Enterprise Accountant

https://quickbooks.intuit.com/learn-support/en-us/manage-fixed-assets/manage-fixed-assets-using-fixe...

 

You may consider upgrading your Pro to Premier Accountant with perpetual license.

 

 

Highlighted
Level 1

Quickbooks Pro Desktop - Fixed Asset Item List Depreciation not showing

I have a question along these lines.

 

I'm using Quick Books Pro 2019, it has Fixed Item List, but there is no feature to setup the scheduled depreciation. Why is this hear but not all of it?

 

Thanks

 

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QuickBooks Team

Quickbooks Pro Desktop - Fixed Asset Item List Depreciation not showing

Hello TaylorHead,

 

That's a great question and I can appreciate how seeing what appears to be part of a feature but not the entire thing could be confusing. I'll clarify what's going on.

 

Despite the response above, QuickBooks Desktop Canada does not have the option for the Fixed Asset Manager tool. At this time, customers can use the Fixed Asset Item List to help with managing these sorts of transactions in the program. The list brings up asset items you set up to track the changes in value to them, and it can be used to track transactions linked to these items. I've pulled these details from an in-product QuickBooks Desktop article, which you can access by following these steps.

  1. Select Help from the top menu, then choose QuickBooks Desktop Help (Note: You can also achieve this by pressing the F1 key on your keyboard).
  2. Click the Help tab.
  3. Click Search.
  4. Type fixed asset item list into the search bar and hit enter.

This will populate not only the "Use the Fixed Asset Item list" I found the above information in, but also other helpful articles for managing fixed assets in QuickBooks Desktop.

 

I'll be following up with my team to make sure we're all on the same page with what features are available in the various regional products for QuickBooks Desktop. That way we can make sure everyone can get back to business more quickly.

 

Give me a shout if you have further questions. I'm here to help!

Highlighted
Level 1

Quickbooks Pro Desktop - Fixed Asset Item List Depreciation not showing

Thank you for the response, I will check this information.

 

Thanks again.

QuickBooks Team

Quickbooks Pro Desktop - Fixed Asset Item List Depreciation not showing

You're welcome! Have a great week and stop by again if you need anything else.