Can you record intangible assets in Fixed Asset Manager on Quickbooks Desktop?

I can share some details about adding intangible assets in Fix Asset Manager (FAM), @abhibhatt23.

This feature only requires saving tangible assets data in the meantime. You can reference this article for more details about handling fixed assets: Set up Fixed Asset Manager (FAM). After the setup, you can take a look at how to use Fixed Asset Manager in QuickBooks Desktop.

Also, I recommend consulting your accountant to get advice and guide on how to setup intangible assets to record amortization. You can also find an accountant near you if you don't have one.

Feel free to reply here if you have other questions about FAM. I'm always ready to help you out. Take care and have a nice day ahead!

Thanks for the response - I just want to be clear that these are intangible assets (trademarks, patents, etc) and not tangible assets (fixed assets). Similar to fixed assets, we want to calculate the net book value and the amortization. Is it possible to set this up in Fixed Asset Manager?

Hi there, abhibhatt23.

I'd like to share what I know about intangible assets in QuickBooks Desktop.

Yes, you can set up an intangible asset in Fixed Asset Manager. I'd recommend reaching our Support Team to help you set it up.

Here's how:

1. Go to Help, then choose QuickBooks Desktop Help.
2. Click on Contact Us.
3. Put a brief description of your issue, then select Let's talk.
4. Choose a way to connect:

• Start a Chat
• Get a callback

You can also check the phone number provided in this link under Need help getting in touch?: Contact QuickBooks Desktop support.

Let me know how it goes or if you still have other questions about Fixed Asset Manager. I'll be here to help. Have a great day!