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Muhammad Saddique
July 24, 2022
Question

Fixed Assets Register

  • July 24, 2022
  • 2 replies
  • 0 views

Hi Everyone, 

I am new in Quickbooks and I have few questions. 

 

1 - Can we automate depreciation calculation in Quickbooks?

2 - Can we maintain a Fixed Asset Register & Depreciation Schedule in Quickbooks. 

    2 replies

    Fiat Lux - ASIA
    Fiat Lux - ASIA
    July 24, 2022

    You need a 3rd party app to do so.

    J
    JonpriL
    July 24, 2022

    Hi there, @Muhammad Saddique.

     

    I'll share insight about working with fixed assets in QuickBooks Online.

     

    As of the moment, there isn't an integrated way to automate the calculation of asset depreciation. For now, working with fixed assets and all its tasks like maintaining a register or schedule is accomplished manually.

     

    While such features are not yet available, I recommend letting our product developers know about this by sending a request via feedback. I'll show you how.

     

    1. Go to the Gear icon.
    2. Under Profile, select Feedback.
    3. Describe automating tasks while working with fixed assets helps your business in QuickBooks.
    4. Select Next.
    5. Click Skip and send message.

     

    I'm including our Customer Feedback for QuickBooks Online page to track the status of your request and get the latest updates from our developer team. Updates such as how the recent enhancement made to QBO helps our business owners, like you.

     

    It'll always be my pleasure to help if you've got other questions aside from working with fixed assets in QuickBooks. Use the Reply button and leave your comment below so that I can assist you further. Take care always!

    B
    Benj_Acuña
    February 21, 2025

    It's been a while and I'm looking for answers if there's really a chance this feature is coming out in QBO. I believe this feature is a must for any accounting system.

    K
    KimberlyS
    February 21, 2025

    The option to automatically calculate depreciation and maintain a fixed asset register or depreciation schedule is available in QuickBooks Online (QBO) Advanced, Benj. I'll ensure you can maximize this feature with the discussion below.

     

    QBO Advanced streamlines the management and tracking of your fixed assets, automates the calculation of book depreciation, and produces related reports. If you have a different subscription level, these tasks are performed manually.

     

    If you want to upgrade to QBO Advanced, follow these steps:

     

    1. Sign in to your QBO company as a primary or company admin.
    2. Click the Gear icon, then the Subscriptions and billing.
    3. Ensure your payment info is up to date.
    4. Select Upgrade your plan in the QuickBooks Online section.
    5. Decide the plan that suits your needs and click Choose plan.
    6. Proceed to the on-screen instructions to complete the process.

     

     

    Once you're ready to manage fixed assets, refer to this article for complete guidance: Add and manage fixed assets in QuickBooks Online Advanced and Intuit Enterprise Suite. To ensure your books are accurate, I suggest seeking advice from your accountant when dealing with related amounts.

     

    If you need further assistance setting up your fixed asset, check our QuickBooks Live Expert Assisted services. Our professionals can discuss helpful practices to help you streamline your business process.

     

    Moreover, you can use the Fixed Asset List or Fixed Asset Depreciation Detail report to plan for future capital expenditures or tax filing. When necessary, customize these data to gather specific information that you need.

     

    Respond to us in this forum through the Reply button below if you have additional questions tracking fixed assets in QuickBooks Online. We're here to ensure you can carry out different business tasks accordingly.

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