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elsawys
Level 1

is the FAM ( fixed assets manager ) available only in Desktop not in quickbooks on line ?

 
2 Comments 2
ChristieAnn
QuickBooks Team

is the FAM ( fixed assets manager ) available only in Desktop not in quickbooks on line ?

Hi there, elsawys.

 

Thank you for visiting again the QuickBooks Community. I'll be sharing details about the availability of FAM. Then, the alternative way so you can use this kind of feature.

 

Yes, Fixed Asset Manager (FAM) is a feature that is available only in QuickBooks Desktop Premier Accountant, Enterprise, and Enterprise Accountant that computes depreciation of fixed assets based on the standards published by IRS. You can click this article to see further details and how it works: Manage fixed assets using Fixed Asset Manager (FAM).

 

However, QuickBooks Online can integrate with hundreds of apps. That said, you can look at a third-party app outside the system that can help you calculates the depreciation of fixed assets. Then, contact their support to ensure that you're able to connect the two different software.

 

Please refer to this article to view information on how you can record depreciation after setting up your assets: Depreciate assets in QuickBooks Online.

 

 Feel free to let me know if you have additional questions or concerns about the fixed assets manager. I'm always here to lend a hand.

Fiat Lux - ASIA
Level 15

is the FAM ( fixed assets manager ) available only in Desktop not in quickbooks on line ?

@elsawys 

You may need an additional app to integrate with your QBO. It will monitor new fixed asset additions automatically. Depreciation will be calculated and journals automatically entered to your QBO account at the end of every month. It’s only necessary to log back in and check the asset register as part of the annual review or if assets need to be marked as disposed.