This form allows to rename built-in Fixed assets - depreciation account.
To access this form, go to Settings, then Chart of Accounts, then click Edit button for Fixed assets - depreciation account.
The form contains the following fields:
Enter the name for this account. The default name is Fixed assets - depreciation, but you can rename it to better suit your business needs.
Optionally, enter an account code. Codes help organize accounts and can be used for searching and sorting in reports.
Select the Profit and Loss Statement group where this account should appear. This determines its placement on the profit and loss statement.
Click Update button to save your changes.
This account cannot be deleted, it is automatically added to your Chart of Accounts when you have at least one depreciation entry.
For more information see: Depreciation Entries