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all right so let's talk about managing fixed assets in QuickBooks I'm going to specifically show you how to use the fixed asset list and the fixed asset manager in QuickBooks accountant Edition or QuickBooks Enterprise Edition so if you're working with QuickBooks Online or QuickBooks Mac QuickBooks Pro or QuickBooks premier none of those four are going to be eligible for this function this is only available in as I mentioned in accountant or enterprise so first let's talk about sort of the traditional way that we manage fixed assets quote-unquote so right now I'm going to go into a company financial balance sheet and I'm gonna see what we have on a balance sheet in terms of assets so as you can see right now we have an account called computer and office equipment which is $2,500 if I double click on that I actually get to see the exact transaction that cost that $2,500 to happen which basically was a check which it could also be a bill but the key thing is traditionally when you book the asset you book it at the purchase so if it's a check or a bill you book it and then they pick an asset fixed asset whether whether it's there's already a general category like computer and office automobile or office equipment something like that or you create an asset account for each account so for example if this was an equipment that I wanted to enable it specifically we can just add new and click on fixed assets hit continue and then we can call this one the Dell server for example and then hit save and close and that would certainly book that particular transaction into the balance sheet you will see it there clearly yeah this is not what I want to show you yet that's an attorney we'll discuss the alternative in a second right now I just want to show you how we traditionally do it and then when the depreciation is actually but somebody actually literally goes into QuickBooks and creates a journal entry per month recorder per year and books depreciation expense and accumulated depreciation now the problem is is that coming up with this number will require you have a special spreadsheet because QuickBooks the core software doesn't have a depreciation calculator you're gonna have to use a different tool which is the reason why I mentioned enterprise or accountant because it comes with enterprise and accountant to actually calculate and manage those so we'll discuss those in a minute so what I want to offer as an alternative to just booking the depreciation through manual journal entries is to use something called a fixed asset manager now the fixed asset manager can be accessed by clicking on company and then manage fixed assets if you're working with the accountant Edition you can click on accountant manage fix our since it would actually be the exact same thing so I'm going...