Fixed Asset Manager - NO!- using Lacerte Depreciation
I found the Fixed Asset Manager a true Pain. I could not import the assets correctly from Lacerte and it didn't seem worth the hours it would take to re-format the CSV files to synch.Instead: Open the tab in Lacerte to the next year's depreciation, and take the total and divide by four.Open Client QB and do a Journal entry, debiting depreciation expense and crediting accumulated depreciation. Memorize it so that each quarter the system automatically makes a depreciation entry.If a client makes an acquisition, then add it to Lacerte. The system will return a diagnostic saying you can't efile, that an asset was added in a subsequent year, but who cares since we have already filed? PLUS the asset is pro-forma'd into the next year which cuts down on data entry. Once the new asset is in Lacerte, look again at the total depreciation, divide by the number of quarters remaining in the year, and edit your automatic JE in Quickbooks.