Once an asset has been created by either approving a pending asset or creating a new fixed asset you can begin to create depreciation journals using the fixed asset register.

This guide explains how to set up auto depreciation so that the system auto generates depreciation journals each month appropriately.

Alternatively, you can depreciate all fixed assets manually or you can depreciate fixed assets individually.

Step 1.

Navigate to Settings > Configure system > Toggle Features.

Toggle features

Step 2.

Click on the Features tab.

features tab

Step 3.

Tick the check box beside the Auto depreciation heading.

fixed asset auto depreciation