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?
Rookie Asked on April 21, 2020 in Fixed Asset Management.