Depreciation Entries

The Depreciation Entries tab enables users to monitor the decrease in value of the company's fixed assets throughout their anticipated lifespan.

Creating a Depreciation Entry

To add a new depreciation entry:

1. Click New Depreciation Entry.

2. Enter the relevant details according to the form provided.

Understanding the Columns

The Depreciation Entries tab contains several key columns:

• Date:
  Represents the entry date on which the depreciation is recorded.

• Reference:
  Identifies each depreciation entry with a specific reference number.

• Description:
  Explains how depreciation is recorded and provides additional useful information.

• Fixed Assets:
  Lists the titles of fixed assets included in each depreciation entry.

• Divisions:
  If divisional accounting is enabled, this column shows the names of divisions pertaining to the depreciation entry.

• Amount:
  Reflects the depreciation amount entered for each fixed asset.