Fixed Asset

Thanks for sharing your concern in the Community, @talk2khurram.

Let me guide you on how you can enter your Die machine QTY 1 and Grease Die machine QTY 2 assets in Quickbooks Desktop (QBDT). This way, we can make sure your able to view them in your reports.

First, create a fixed asset account to track the value of your items. Here's how:

1. Go to List and select Chart of Accounts.
2. From the Account drop-down list, choose New or press CTRL+N.
3. Select Fixed Asset and click Continue.
4. Choose Fixed Asset, then complete the information required.
5. Click Save & Close.

Once done, add two subaccounts to each Fixed Asset account you created. These accounts will track the cost of your asset and its accumulated depreciation. By doing it this way, you will be able to tell the book value and accumulated depreciation of your asset at first glance.

1. Go back to the Chart of Accounts.
2. Right-click anywhere then select New.
3. Choose Fixed Asset, then mark Subaccount of. Choose the appropriate parent account.
4. Complete the information required.
5. Select Save & Close.

Create an expense account named Depreciation Expense to track your depreciation expense.

1. Go to the Chart of Accounts and select New.
2. Choose Expense then complete the information required.
3. Select Save & Close.

In addition, you can use the Account Listing report to view the accounts that you've created in QBDT together with their balance. Just go to Reports and select List. Then, click Account Listing.

Aside from that, you can use the Fixed Asset Manager (FAM) feature in QBDT. This will help you in computing the depreciation of your fixed assets based on the standards published by IRS. You can use this feature if you're using QBDT Premier Accountant, Enterprise, and Enterprise Accountant versions.

You can also check out this article once you get started: Use Fixed Asset Manager in QuickBooks Desktop. 

Please know that our doors are always open to help you with any QuickBooks-related concerns. Take care and enjoy the day!