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Trade-In Fixed Asset without using Fixed Asset Manager (FAM)

You want to trade-in an existing Fixed Asset as part of purchasing a new Fixed Asset.  This is to be completely entered in QuickBooks Desktop without using the Fixed Asset Manager software.

Detailed instructions
  1. First determine how you are going to enter the purchase in QuickBooks – as a Bill or Check.  Once you have selected the form the remaining steps will remain the same.
  2. Click on the Items tab.
    • Enter the new Fixed Asset name in the Items column.
    • This will prompt you to create the new item - click the Yes button.
    • Select Fixed Asset from the Type drop-down list
    • Fill-out the form and click the OK button.  Note:  The asset name/number, purchase description, asset account and date of purchase are the only mandatory fields.
  3. Enter the full purchase amount in the amount column.
  4. Enter your trade-in fixed asset number in the item column on the next available line.
  5. Enter the trade-in amount in the amount column as a negative number.
  6. The net amount of the bill or check will be the purchase price minus the trade-in.
  7. Click the Save & Close or the Save & New button to save your transaction.


KB ID# HOW13211
4/27/2017 1:59:07 AM
QYPPRDQBKSWS09 9138 Pro 2017 983f13