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 depreciate all fixed assets manually. Alternatively, you can depreciate fixed assets individually or you can set up auto depreciation.

Step 1.

Navigate to Tools > Fixed assets.

Fixed assets

Step 2.

Click on the Process assets link.

Step 3.

Click on the Update button to create depreciation journals for all fixed assets that need depreciating.

fixed assets DA