QuickBooks Online Advanced Fixed Asset Management compared to Easy Fixed Assets

When managing fixed assets, businesses should seek solutions that streamline processes, improve accuracy, and provide valuable insights. Two choices available to QuickBooks Online users are Intuit’s Fixed Asset Management module and Easy Fixed Assets. Both platforms offer robust features, but they cater to different needs and preferences.

QuickBooks Online Advanced Fixed Asset Management

QuickBooks Online's Advanced Fixed Asset Management provides an integrated approach within its ecosystem, allowing businesses to handle asset tracking and depreciation all in one place. This integration ensures that your asset management is seamlessly connected with your accounting and financial data, making it easier to maintain accurate records.

However, it's important to note that access to this module is restricted to users of QuickBooks Online's $235/month Advanced plan, which can be a significant investment for small to medium-sized businesses.

Easy Fixed Assets

In contrast, Easy Fixed Assets focuses exclusively on fixed asset management, ensuring that every aspect of your asset management is covered. Whether you need to generate a detailed depreciation schedule report, post a loss on disposal of asset entry, or export your data from the app to CSV, Easy Fixed Assets provides the tools necessary to efficiently manage your assets.

A key advantage of Easy Fixed Assets is that it is an independent subledger, which means that if you ever decide to switch accounting systems, you won't have to transfer all your fixed assets out of QuickBooks Online to a new accounting system.

Another distinct feature of Easy Fixed Assets is its ability to create and manage construction-in-process projects. This specialized section of the app allows you to assign transactions to projects, providing clear oversight and management of ongoing construction activities.

Additionally, Easy Fixed Assets provides flexible pricing plans, making it accessible to a wide range of businesses. For bookkeeping firms, the platform offers the ability to manage several clients under the same account, streamlining your workflow and providing cost savings.

Choosing the Right Solution

Ultimately, the choice between QuickBooks Online Advanced Fixed Asset Management and Easy Fixed Assets depends on your business requirements. If you prefer an all-in-one solution that integrates with your accounting software and are willing to invest in the Advanced plan, QuickBooks Online may be the right choice.

However, if you need a specialized tool that offers in-depth asset management capabilities, flexible pricing, an independent subledger, and the ability to manage construction-in-process projects, Easy Fixed Assets is worth considering. Evaluate your needs, explore each platform's features, and select the one that best aligns with your asset management goals.