Add Assrt to QB Fixed Asset Manager (FAM)

Hello,

I add one more asset to QB Fixed Asset Manager. This asset and its amount were added at asset description and depreciable basic columns. However, the unrecovered basic column shown zero number while my previous added assets had amount at this column. What is a problem? Would you please assist me to fix it.

Thank you.

Rose

Answer

Hello there, mimosahc,

There are a series of steps you need to follow to ensure you'll have your fixed asset financial information properly set up. Let's go over to the steps again and get this straightened out.

  1. Set up the Income Tax Form.
  2. Set up General Ledger (G/L) Account in QuickBooks Desktop.
  3. FAM Client Wizard.
  4. Add Asset in Fixed Asset Manager.
  5. Asset Synchronization.

You need to make sure you've executed steps 1-3 correctly especially step 4 by keying in the fields properly. Once done, you can check out step 5 to synchronized your assets both in QuickBooks Desktop and Fixed Asset Manager (FAM). 

Here's how to perform automatic synchronization:

  1. Go to the FAM QuickBooks menu.
  2. Select Asset Synchronization Options.
  3. On the From QuickBooks tab, choose Automatically when QuickBooks Fixed Asset Manager opens and Both new and modified fixed asset items.
  4. Click OK.
  5. Finally, close Fixed Asset Manager to refresh the program.

After that, you can check the unrecovered basic column if it now shows the right amount of the asset.

For the detailed steps and sample scenarios, you can check out this article: Set up Fixed Asset Manager (FAM).

Please keep me posted how it goes by leaving a comment below. I'll get back you as soon as I get your response.

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IntuitRea , Community Support Specialist
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