Fixed Asset not showing on balance sheet?
New to this, hope you can help?
I manually added a fixed asset to the FAM. I than ran the depreciation which worked.
However, I would expect to see the fixed asset on the balance sheet, which I am not.
I see the depreciation journals in the P&L and under the depreciation account on the balance sheet, but the fixed assets list has not increased!
Please can you advise?