Depreciation can be calculate automatically by system or input by user manually.
Calculate Depreciation by System
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1. Go to Fixed Asset pageUnder Actions tab, click "Calculate Depreciation". | |||||||||||||||
2. Input related fields
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3. Check and Post Fixed Asset G/L JournalSystem will then calculate and generate journal entries to Fixed Asset G/L Journal. User need can click on "Yes" to go to Fixed Asset G/L Journal for checking. | |||||||||||||||
*Once checked the system generated entries, if it is ok, then user can post the entry. | |||||||||||||||
Input depreciation manuallyFixed Asset G/L JournalAccount Type: Fixed Asset Then complete that double entry by input the balancing account. Then Post the Journal |