Anyone use fixed asset manager? I am trying to use it to post book only depreciation and it does not want to calculate correctly. Trying to schedule a 5 year straight line, full-month convention acquired 5/12/2021. $25,786.17 should result in a depreciation for May and June of $429.77 each month. If I select to post 5/1 it says their are no assets. That would be technically incorrect since the asset was acquired in May and with full-month it should post a may full month depreciation. But I will let that slide for now. So I try 5/31 and it wants to post $270ish dollars. basically the daily amount. It then appears to run correct each month till end of year when it has to over post to true up. Am I doing something wrong or does this not work how other software (or paper) does. I normally would post depreciation on the 1st of every month.
I'm not a QB Enterprise user. But, when using FAM do you have this box for the fixed asset:?
Six lines down is the option for "Convention". For the fixed asset in question, is it possible yours is set to actual days (Act-Days) and not Full-Month?
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