Can I quickly enter 150 new assets into Proseries?

Forum|Forum|6 years ago
April 22, 2020
14 replies
55 views

Client started a gym and purchased 150 pieces of equipment last year. I've never dealt with so many assets so wondering 1) how do others deal with this? 2) is there a faster way to enter all of these into proseries vs 150 asset entry worksheets (i.e. can i group/add up same kind of assets together and report in one asset entry wkst)? 3) is buying fixed asset manager worth it for this one client? Thx!

ProSeries Professional

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Best answer by rbynaker

I think you just need to suck it up and enter everything. If some items are identical and have the same unit price I have grouped them as one before (but then it's a pain to have to split them out later), i.e. 10 Treadmills, 5 Ellipticals.

I've always used Forms Entry, but you might try the other entry mode for this purpose. I forget what it's called but there's a button to toggle between them (QuickEntry maybe?)

Unless you have to deal with personal property tax returns, I would NOT use FAM. It's not going to save you any time in data entry and it will add the steps each year of having to update, export, import. You have to do this even if you made no changes to the assets. Once you start down the FAM path, forever will it dominate your destiny.

Rick

rbynakerAnswer

Level 13

I think you just need to suck it up and enter everything. If some items are identical and have the same unit price I have grouped them as one before (but then it's a pain to have to split them out later), i.e. 10 Treadmills, 5 Ellipticals.

I've always used Forms Entry, but you might try the other entry mode for this purpose. I forget what it's called but there's a button to toggle between them (QuickEntry maybe?)

Unless you have to deal with personal property tax returns, I would NOT use FAM. It's not going to save you any time in data entry and it will add the steps each year of having to update, export, import. You have to do this even if you made no changes to the assets. Once you start down the FAM path, forever will it dominate your destiny.

Rick

K

kaitlincpaAuthor

Level 3

Thank you Rick! Yes, I just looked and says you can access the quick entry with Control + M. Also thank you for mention of personal property tax...need to look into that for this client.

dkh

Level 15

Ugh! Nothing worse than entering assets from the prior preparer. I recommend you place 6 pieces of the finest chocolates on your desk. After 25 assets are entered you reward yourself with a piece of chocolate. I'm all about making my work rewarding.

K

kaitlincpaAuthor