Description:
In this video we show to you how fixed asset manager and fixed asset items works in QuickBooks Desktop
Video:
Table of Contents:
- 00:00:00 – Intro (QuickBooks Desktop)
- 00:00:42 – Traditional way that we manage fixed assets (Reports, Company & Financial, Balance Sheet Standard) (example) (how it works)
- 00:03:01 – How to access the fixed asset manager (company, manage fixed assets or accountant, manage fixed assets)
- 00:03:21 – QuickBooks Fixed Asset Manager (how it works)
- 00:05:43 – Chart of accounts (it should match chart of accounts of QuickBooks Desktop with QuickBooks fixed asset manager)
- 00:06:17 – QuickBooks Fixed Asset Manager tabs (Schedule, Asset, Disposal, Projection, Notes, Calendar)
- 00:07:32 – Fixed assets lists (lists, fixed asset item list)
- 00:08:33 – How to add new fixed asset in fixed assets lists (step by step) (example)
- 00:10:59 – Open QuickBooks Fixed Asset Manager (update assets from QuickBooks) (asset tab) (general ledger accounts)
- 00:13:37 – Groupings (federal, book, state) (methods of depreciation) (report) (client information) (asset tools) (how it works, example)
- 00:25:42 – Asset tools
- 00:27:06 – Display tax worksheet (reports) (creates tax form for you)
- 00:28:02 – Post journal entry to QuickBooks (how it works)
- 00:30:11 – Display journal entry list
- 00:31:38 – Write check (example) (book the purchase)
- 00:33:13 – Reports (list, fixed asset listing) (customize report)
