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Fawaz040
March 10, 2023
Solved

FIXED ASSET MANAGER MISSING

  • March 10, 2023
  • 1 reply
  • 2 views

Hi,

 

I am using QB Premier 2020 Desktop. I cannot find Fixed Asset Manager in my QuickBooks.

Best answer by Rubielyn_J

Hello there, @Fawaz040.

 

The Fixed Asset manager is only available in QuickBooks Desktop Premier Accountant, Enterprise, and Enterprise Accountant. 

 

I understand how efficient it is to use FAM to ensure that your fixed asset financial information is properly handled. That being said, you may consider upgrading to one of the plans I've mentioned above. 

 

Once done, you can start setting up the Fixed Asset Manager to work with your QuickBooks company file. Then, utilize the feature to track your fixed assets. 

 

Don't hold back to ask again if you have additional queries about FAM. I'm always around to assist and clear things out to you. Enjoy the rest of the day!

1 reply

Rubielyn_J
Rubielyn_JAnswer
Level 8
March 10, 2023

Hello there, @Fawaz040.

 

The Fixed Asset manager is only available in QuickBooks Desktop Premier Accountant, Enterprise, and Enterprise Accountant. 

 

I understand how efficient it is to use FAM to ensure that your fixed asset financial information is properly handled. That being said, you may consider upgrading to one of the plans I've mentioned above. 

 

Once done, you can start setting up the Fixed Asset Manager to work with your QuickBooks company file. Then, utilize the feature to track your fixed assets. 

 

Don't hold back to ask again if you have additional queries about FAM. I'm always around to assist and clear things out to you. Enjoy the rest of the day!

    F
    Fawaz040Author
    March 10, 2023

    Thank you Rubielyn.

     

    I got it. And the option 'Fixed Asset Item List' is just for tracking assets and the quantity right? 

      K
      Klent
      Level 8
      March 10, 2023

      That's correct, Fawaz040. You've nailed it.

       

      The Fixed Item Asset List is used to track individual assets. This allows you to enter information pertaining to the amount, quantity, condition, and purchase date.

       

      If you want to calculate depreciation based on IRS guidelines and monitor the gain or loss on fixed asset disposal, you'll have to use FAM. As mentioned by my colleague above, this is only available in the Enterprise and Premier/Enterprise Accountant versions. Feel free to visit our website to learn more about different plans and pricing.

       

      Once you're all set and ready, please refer to these general procedures to accomplish key tasks with Fixed Asset Manager:
       

      1. Setting up the income tax form
      2. Configuring General Ledger (G/L)
      3. Utilizing the Client Wizard
      4. Adding and synchronizing assets

       

      For more detailed steps, I recommend reading the articles below: 

       

       

      Don't think twice to tag me if you have any other concerns or further questions regarding QBDT's functionalities. Take care and enjoy your day, Fawaz040.

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