Companies especially large ones, manage these, through inventory and then making a report afterwards. But others, small business and large, avail of a software that manages fixed assets. Since tracking assets is an important concern of every company, softwares like Quickbooks offers to track what assets the company owns, the location of each asset, who is responsible for it, when was it issued, when is it to be returned, its value, history and transaction. All these information are secured in one program that can be utilized both in computers and mobile devices alike.
To use Quickbooks Enterprise Solution in Managing Fixed Assets, go to the Company menu, select Manage Fixed Assets. Here a dialog box will appear and it will note that there is no fixed asset manager client associated. Select then, Create for a new Fixed Asset Manager client. Click Continue. Here, the New Client-General page appears with all the information you need. Review the information and then make the necessary changes you wish to make then click Next. You may enter the Beginning of Year and End of Year dates for the client. Then, proceed to the Prior Short Year window and click add. Then click OK.
A form will be shown where you need to confirm if the client is a qualified small corporation, click Next, afterwards. A window indicating Bases will appear, you may select one or more bases for your client then click Next.
Review your input and make the necessary changes then click Next. On the Asset synchronization from Quickbooks option choose how you want your fixed assets information be delivered from Quickbooks. Then, click Next to continue. Also, from this option, select how you want your information to be saved to Quickbooks. Review all your data then click Finish.