Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Solved! Go to Solution.
Good day, bcoker.
Thank you so much for getting back to us and for using QuickBooks Desktop Enterprise.
The QuickBooks Desktop 2020 is still using the previous version of Fixed Asset Manager (FAM). Our engineers are making sure that everything's good before releasing a new version of it. Though, there's no specific date yet, we can continue using the 2018 version of FAM until it's launch.
Once it's ready, you'll have to update your QuickBooks Desktop 2020 to the latest release. You can read this guide if you encounter unusual behavior in using Fixed Asset Manager:
I'll be more than happy to serve you again. Keep your posts coming if you need more help.
Good evening, @Browning.
Thanks for the kind words. I'm glad @AlexV could get you the right answer.
As for the announcement, you will have a pop-up that tells you when the update is ready to be installed. This will appear when you click on the Desktop icon before the program loads. Then you can download the new FAM 19 update. You can also check out our blog page for any future updates.
If you have any other questions, feel free to reply below. Best wishes!
Thanks for getting back to us, Browning.
For now, our engineers are continually working on to get the Fixed Asset Manager (FAM) be updated as well. As what Anna S mentioned, when we'll open the QuickBooks company file, a prompt will indicate that it's ready to be installed. From there, we can download the latest release.
We can look into this reference for more information on what’s new with the latest updates in QuickBooks.
Feel free to get back to me. Thanks for your patience while we're working on with this.
Hi there, @Browning.
Yes, Fixed Asset Manager (FAM) is part of QuickBooks Enterprise. Since QuickBooks Desktop and QuickBooks Fixed Asset Manager have different data files, you'll need to set up separately. Let me give you the detailed steps on how to set up FAM.
First, set up the Income-tax Form. Setting up your income tax form is important and necessary for FAM to track asset depreciation in an appropriate tax line. Here's how:
Second, set up General Ledger (G/L) Account. Create an expense account named Depreciation Expense that will track your depreciation expense. Let me show you how:
Third, open FAM Client Wizard. Go to the Accountant menu, choose Managed Fixed Asset and select the appropriate option for your company.
Fourth, sync the information with each other using either Automatic or Manual sync. Let me guide you how:
Automatic Synchronization
Manual Synchronization
For the detailed guide, check this article:Set up Fixed Asset Manager (FAM).
If ever you'll receive an error while setting up the FAM in your account, visit this great article: Resolve errors or unexpected results.
For your future reference on how to use FAM in QBDT, take time to read this helpful article: Use Fixed Asset Manager.
Please don't hesitate to post any questions you may have regarding QuickBooks. I'll be around to help you out. Take good care!
Hey Michelle - thanks so much for your answer and help.
Actually we've been using FAM for about 9 years. In the past when we updated Quickbooks each year, the FAM would also up date, e.g., when we went from QB18 to QB19, the FAM would go from 17 to 18.
We recently updated to QB20, but the FAM is still at 18, with the "Display Tax Worksheets" still grayed out. That's why I was wondering if there is a FAM19, and, if so, we somehow missed it when we downloaded QB20. (We use Enterprise).
Thanks
Browning
Hey Michelle - thanks so much for your answer and help.
Actually we've been using FAM for about 9 years. In the past when we updated Quickbooks each year, the FAM would also up date, e.g., when we went from QB18 to QB19, the FAM would go from 17 to 18.
We recently updated to QB20, but the FAM is still at 18, with the "Display Tax Worksheets" still grayed out. That's why I was wondering if there is a FAM19, and, if so, we somehow missed it when we downloaded QB20. (We use Enterprise).
Thanks
Browning
Good day, bcoker.
Thank you so much for getting back to us and for using QuickBooks Desktop Enterprise.
The QuickBooks Desktop 2020 is still using the previous version of Fixed Asset Manager (FAM). Our engineers are making sure that everything's good before releasing a new version of it. Though, there's no specific date yet, we can continue using the 2018 version of FAM until it's launch.
Once it's ready, you'll have to update your QuickBooks Desktop 2020 to the latest release. You can read this guide if you encounter unusual behavior in using Fixed Asset Manager:
I'll be more than happy to serve you again. Keep your posts coming if you need more help.
Hi AlexV
Thanks for the answer! Do you know if there will be an announcement when FAM19 is up & running?
Good evening, @Browning.
Thanks for the kind words. I'm glad @AlexV could get you the right answer.
As for the announcement, you will have a pop-up that tells you when the update is ready to be installed. This will appear when you click on the Desktop icon before the program loads. Then you can download the new FAM 19 update. You can also check out our blog page for any future updates.
If you have any other questions, feel free to reply below. Best wishes!
Thanks - Anna!!
Any word on when FAM 19 will be available for update? Thanks
Hi Anna
Any word on when the FAM 19 update will be available?
Thanks
Browning
Thanks for getting back to us, Browning.
For now, our engineers are continually working on to get the Fixed Asset Manager (FAM) be updated as well. As what Anna S mentioned, when we'll open the QuickBooks company file, a prompt will indicate that it's ready to be installed. From there, we can download the latest release.
We can look into this reference for more information on what’s new with the latest updates in QuickBooks.
Feel free to get back to me. Thanks for your patience while we're working on with this.
Still not update to FAM19. I cannot export to 2019 Proseries. Intuit got to fix this asap.
This is ridiculous! Do the Intuit engineers (or anyone else there) recognize that until they release FAM 19 the software doesn't generate the 2019 tax year worksheets, which are needed NOW to file 2019 tax returns (some of which are due tomorrow)?
Thanks for leaving us hanging...
I understand that you really need to update to FAM 19, DJohnston2.
For now, there's no specific date yet when it will be released. Please keep your QuickBooks Desktop update-to-date. Our engineers will automatically include it on the future release once it's available. You can also check the release notes for QuickBooks Desktop 2020 for more details.
We can rename your FAM client files so we can toggle it. That way, we can have the FAM 2019. Please follow this file location so we can edit it:
Then, change them to F90, F91, and M90. Once done, let's restart your QuickBooks so that the changes will take effect.
I'll always be here if you have more questions. I'm looking forward to assisting you again.
I don't follow, what is the point of changing the file names to "get it updated" if FAM 19 hasn't been released yet?
Let me ease your confusion, DJohnston2.
The steps provided by my colleague is a workaround for upgrading FAM with non-consecutive versions. The detailed steps are found in this article (Steps 1-2 until no. 8).
While we're waiting for the updated FAM, let's ensure we update QuickBooks to the latest release. Once it's ready, you'll receive a prompt.
Please know we're just around if you need our help. Feel free to visit us anytime.
Sorry, but I still don't get your point. If we are using the current version of FAM (FAM 18), is there some purpose to the workaround that I'm missing, or are we simply on hold for the release of the next version of FAM?
To reiterate, we can't generate tax worksheets for 2019 until FAM is updated, correct?
Let me clarify things with you, @DJohnston2.
The purpose of the workaround share by my colleagues above will let you generate your tax worksheets for FAM 19. In the meantime, you can follow the detailed steps provided above.
Our product engineers are continually working on the latest release, which we don't have an update or specific time-frame if when FAM 19 will be included.
For now, you can visit our blog site so you'll be able to get the latest news about QuickBooks and what our Product Care Team is working on.
Please keep in touch if there's anything else I can do to help you succeed with QuickBooks. I've got your back. Have a great day.
You should be able to provide an ETA on FAM 19 being released for QuickBooks (Desktop, in my case). We can't get our taxes done on time because of this problem. Please hurry up with the change. LLC taxes are due today.
I too am confused on how renaming the file extensions to F90, M91, and M90 is supposed to allow FAM 2018 (which is all we have) to produce the Tax Worksheets we need to do our taxes???? My Tax Worksheet report under the reports section of FAM18 is greyed out???? If there is indeed a work around to allow me to produce the Tax Worksheets for 2019 PLEASE provide some more specific instructions so that we can complete our taxes without FAM 2019.
Hello,
We recently updated to QB Enterprise 21 on Desktop, but when I tried to access FAM it didn't open the software. I got the select the action you want to perform: Create new, transfer, reconnect or restore.
Did we need to download a backup of the FAM prior to updating QB?
A FAM backup is different than a QuickBooks backup file, Rebeccam2.
You'll have to create a backup if you want to restore a current year FAM client file.
In your case, you may have to set up the FAM again so you can open the software. You can follow Michelle_b's steps. You can check this article to guide you: Set up Fixed Asset Manager (FAM).
If any questions arise, feel free to click the Reply button below. We'll respond as soon as we can. Take care!
So when you update your quickbooks you lose your FAM?
We don't have a current Backup of FAM to restore it. Our most recent backup is from over a month ago so it would be missing November Depreciation. If we try restoring with that old backup would it recognize Nov Depreciation based off the #'s in QB and correctly calculate Dec Depreciation?
If that is not an option, what can we do since we didn't back up the FAM file prior to updating QB?
So when you update your Quickbooks you lose your FAM if you didn't also back that up?
We are not able to restore our current FAM since we did not back it up prior to updating QB. Our most recent FAM backup is from over a month ago. If we restored that file, it would be missing the Deprecation we posted in November. If we restore that old file would it be able to recognize the Nov Depreciation from the balances in those accounts in QuickBooks and correctly post Dec Depreciation only? If that doesn't work, what options do we have since we don't have a current FAM backup?
Hello RM12 and Rebeccam2,
The fixed asset manager is backed up differently because it's accessed on the Company menu, not on the File menu. You can find the steps to move your FAM in this article: Move fixed asset data to your new QuickBooks or another computer.
If you have other questions in mind, you can always go back to this thread. Have a good one!
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.
For more information visit our Security Center or to report suspicious websites you can contact us here