What is the best method to add an asset and to keep track of the yearly depreciation.
In QB, I would add two subaccounts to the asset, but Manager doesn’t support subaccounts.
The only way to do this is to simply create single asset account and keep adjusting balance through journal entries. In this case, you would need to maintain some sort of spreadsheet outside of Manager that would keep track of individual assets.
We are planning to add Asset Register module early next year. This will not only allow you to track all your fixed assets but will also assist depreciation entries.
Any update?
Fixed assets have been added a while ago.