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

Step 1.

Navigate to Tools > Fixed assets.

Fixed assets

Step 2.

Click on the depreciation icon beside the appropriate fixed asset.

Step 3.

Select the appropriate months to depreciate and click on the Create selected button or click on the Create all button to create depreciation journals for all available months.