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Setup and use Fixed Asset Manager in QuickBooks Desktop

Fixed Asset Manager (FAM) is a program that is only available with QuickBooks Desktop Premier Accountant, QuickBooks Desktop Enterprise Solutions and QuickBooks Desktop Enterprise Solutions Accountant. It is an application that calculates depreciation of fixed assets based on the standard published by IRS.

This article covers the recommended set up of Fixed Asset Manager along with other information that will aid you to maximize the use of this application.

  • Basic Terminology
  • Depreciation Methods
  • Fixed Asset Manager Predefined Reports
  • Using Fixed Asset Manager in Multi User Mode or Over the Network
  • Set up Fixed Asset Manager
  • Set up the Income Tax Form
  • Set up G/L (General Ledger)Account in QuickBooks
  • Opening FAM for the First Time (Fixed Asset manager Client Wizard)
  • Add Asset in Fixed Asset Manager
  • Asset Synchronization
  • Dispose Assets
  • Prepare for Next Year

 

Intuit articles have limited information about depreciation methods. For detailed discussion, visit the IRS publication 946.

Detailed Information
Set up Fixed Asset Manager

QuickBooks and Fixed Asset manager (FAM) have different data files. It is best to set up your QuickBooks Desktop Company File properly to make sure that QB FAM calculates and function correctly.

Dispose Asset and Prepare for Next Year
Other Resources

 

Fixed Asset Manager (FAM) Support Articles

 

KB ID# HOW12839
12/5/2016 2:24:15 AM
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