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Fixed Asset List

My employer never utilized the Fixed Asset Listing, rather just entering purchases when invoiced, and assigning to the correct asset account (Equipment, vehicles, etc).  To give her a report of all the fixed assets, can I enter those items in the Fixed Asset Listing now, or is it too late and will screw up reporting ? 

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Best answer November 07, 2019

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Anonymous
Not applicable

Fixed Asset List

No its not too late - but you should understand that the FA item list has limited functions in QBdt Pro. Its actually designed to be used as part of the "FA Asset Manager" system that is part of the QB Premiere & Enterprise versions.

To setup an FA item retroactively, you need to first create the item, then edit the prior bill/cheque which purchased the asset and change it from an 'account' type entry to an 'item' entry - with the same value.

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Highlighted
Anonymous
Not applicable

Fixed Asset List

No its not too late - but you should understand that the FA item list has limited functions in QBdt Pro. Its actually designed to be used as part of the "FA Asset Manager" system that is part of the QB Premiere & Enterprise versions.

To setup an FA item retroactively, you need to first create the item, then edit the prior bill/cheque which purchased the asset and change it from an 'account' type entry to an 'item' entry - with the same value.

View solution in original post

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