Saturday, November 27, 2010

QuickBooks: Using the Fixed Asset Item List

A client recently asked: “Is there a way that I can track the necessary information in one placefor all the fixed assets of the business?”

Yes, there is such a master place - the Fixed Asset Item List. To open the list, go to the Lists menu and click Fixed Asset Item List.

This list shows the fixed asset items you've set up to track changes to the value of your fixed assets. You can use this list to track all transactions having to do with your fixed assets, including any repairs or improvements, damage, or anything else that can affect their book value and amount of depreciation.

Managing your fixed asset items
Click Item (button) at the bottom of the list to add, edit, hide, or delete fixed asset items. You can sort the list in alphabetical order, print the list, and more.

To choose activities or view reports related to this list, click Activities (button) or Reports (button) at the bottom of the list

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