How does QuickBooks track depreciation and other information about fixed assets?
There are two tools available to us that we use to track depreciation and fixed assets: the Fixed Asset Items list and the Fixed Assets Manager. The Fixed Asset Items list (available in QuickBooks Pro and higher editions) allow you to track asset information (such as names, serial numbers, and acquisition and disposition dates); add new fixed assets to QuickBooks; track disposed fixed assets; and produce reports about fixed assets. Assets entered into the Fixed Assets Item list can be pulled into the QuickBooks Fixed Asset Manager, which is an add-on application available in Quickbooks Premier Accountant and Enterprise Solutions products.
