In the Fixed Asset Manager allows you to track assets and their depreciation efficiently through an inbuilt automatic process. If you are set up of Fixed Manager (FAM) in QuickBooks Accounting, you are now able to used fixed asset manager in QuickBooks.
How to Setup Fixed Asset in QuickBooks?
- Set up the Income Tax Form
- Set up General Ledger Account
- FAM Client Wizard
- Add Asset in FAM
- Assign an account to multiple assets
Setting up Depreciation:
- First, Open FAM
- Go to main menu >> File >> Client Information
- Now, Choose correct depreciation method
- Last, Click on OK to save all changes
Steps to Import Fixed Assets from Excel into the FAM:
- First, Open FAM
- Then, Go to File menu >> Select Import
- Now, Select the CSV file >> import process will start.
- Wait for complete the import process
- Choose journal entry >> proceed further to manage fixed assets in QuickBooks