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Hello there, Andrew909
I've got a way on how you can allocate the Depreciation expense to the appropriate Job or Class.
You'll need to make sure that the transaction is billable to the job and assign it to the appropriate class. In order to use the billable feature, you'll need to set it up first in your QuickBooks preferences. Let me show you how:
- Go to the Edit menu.
- Select Preferences.
- Choose Time & Expenses.
- Within the Company Preferences tab, make sure to put a check-mark on Mark all expenses as billable.
- Then, OK.
You can then enter bills as billable expenses. In the Customer:Job field, choose the customer billable for this expense. It will automatically mark this expense as Billable. Also, make sure to include the class you need to associate with this transaction. Then, Save & Close.
To learn about the Class feature, please read through this article for further insights: Find out how to track account balances using different classes in QuickBooks Desktop.
I've added a few resources below for additional information about the Fixed Asset Manager (FAM):
Please let me know if you need additional assistance or have any concerns related to QuickBooks. Take care and stay safe always.
Thanks for joining the thread, @garnettj.
The concern above was already by my colleague Sarahann.
If you haven't performed the following steps yet, I'd recommend doing so. This way, you can allocate the Depreciation expense to the correct Job or Class.
In case you're still unable to assign the Depreciation Expense, I'd recommend reaching out to our customer support. This way, they can walk you through the process in accomplishing your tank in QuickBooks. Simply follow these steps to connect with them:
- Go to the Help icon and select QuickBooks Desktop Help.
- Click Contact Us.
- Write your concerns in the description box, then select Continue.
- Select which one of the support options you'd like to use.
You can also check out our support hours to ensure that we address your concerns on time.
The Community always has your back, so please let me know if you have any other questions. I'll be more than happy to help. Keep safe.
I appreciate you for getting back, Andrew.
I'm here to help you run your fixed asset manager or depreciation expenses with their corresponding jobs and classes.
The Fixed Asset List displays the fixed asset items you've created. It won't show you the transactions or expenses with their corresponding classes or jobs. Instead, you can only see the following columns: Item Name, FAM Number, Purchase Date, Purchase Description, Account, Cost, and Attach.
To get the information you need, I recommend running a custom report. Then, add the Name and Class column. I'll guide you on how.
- Go to the Reports menu, then click on Custom Reports.
- Select Transaction Detail.
- Click on Customize Report, then Display.
- Add the Name, Class, and other columns you want to add.
- Hit OK.
From there, you'll see the fixed asset expenses with the class and job details.
If you want to customize the details of your report, you can export it to Excel. This way, you can remove or add the details you need. I'm adding these links to learn more about the process:
Aside from your reports, you can also open the topics from these articles to keep track of your customer and vendor transactions in QuickBooks Desktop:
- Get started with customer transaction workflows in QuickBooks Desktop
- Accounts Payable workflows in QuickBooks Desktop
If you have other questions about the fixed asset manager, please feel free to click the Reply button and add a comment below. I'll be right here to provide additional assistance. Keep safe!
