QB Issue Resolution:
There is no fixed asset manager in QBO
You control the accounting and the accounts used for fixed assets, either an account per item, or a generic fixed asset account per type of item
Fixed assets list like
Bobcat serial# xxx
>>cost
>> accumulated depreciation bobcat
Present no problems with the balance sheet at all. On the balance sheet you can collapse the sub accounts into the parent to show one line entry with the book value displayed
Cash flow tracks cash in and out, the FA account list has nothing to do with that, except for the very first time you pay for a fixed asset.
Resolution for Issue 'Are there any Fixed Assets Subledger Reports in QBOL? Looking for the conventional Fixed Asset Subledger Report including: -purchase date -vendor -description of asset -original cost -depreciable life -depreciation to date By requiring each asset be set up in the chart of accounts in essentially 3 seperate accounts (one master, one original cost and one accumulated depreciation) you have created a very tricky process that really presents challenges when preparing a Balance Sheet or Cash flow statement. Perhaps I’m using the system incorrectly. Your guidance is appreciated.' available: Yes (Solved).
Source: Intuit Community forum.
Are there any Fixed Assets Subledger Reports in QBOL? Looking for the conventional Fixed Asset Subledger Report including: -purchase date -vendor -description of asset -original cost -depreciable life -depreciation to date By requiring each asset be set up in the chart of accounts in essentially 3 seperate accounts (one master, one original cost and one accumulated depreciation) you have created a very tricky process that really presents challenges when preparing a Balance Sheet or Cash flow statement. Perhaps I’m using the system incorrectly. Your guidance is appreciated.: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.
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Error Recovery for conventional Fixed Asset Subledger Report [Canada]
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