Fixed Asset Manager and Installment sale

Hey there, @AZ3616.

Thanks for sharing your concern here in the QuickBooks Community.|

I've got some information with regards to handling your assets in Fixed Asset Manager (FAM). 

Once you setup FAM in QuickBooks Desktop (QBDT), it will compute the depreciation of fixed assets based on the standards published by IRS. 

Every asset transactions you've entered in QuickBooks will automatically sync in Fixed Asset Manager. However, once you remove the asset from QuickBooks it won't affect the records in your FAM. 

If you wish to delete it, you have to do it directly from the FAM window. 

Here's how:

1. Open the Fixed Asset Manager window.
2. Look for the asset that you want to remove and right-click the transaction.
3. Select Delete Assets.
4. Click Yes once prompt.

Please take note that removing this entry will also remove all of its data.

You can also check out these article for more info:

• Manage fixed assets using FAM.
• Use Fixed Asset Manager in QuickBooks Desktop.

Let me know if you need further assistance with this. I'm always around to provide answers and clarifications to your questions. Have a great day ahead and take care.