Manual Depreciation for Assets

Through this feature, you can manually add depreciation to one of your fixed assets, regardless of the automatic processing that takes place based on the asset’s depreciation data.

 

• Note: Before starting, make sure to activate the Chart of Accounts App in your account.

Steps to add a Manual Depreciation

1. Click on “Accounting” from the main menu.
2. Click on “Assets”.
3. Click on the asset you wish to depreciate.
4. Click on the “Add Manual Depreciation” button.
5. Enter the depreciation details:
   • Asset: Ensure you select the asset you wish to depreciate manually.
   • Depreciation Date: Adjust the date for the manual depreciation.
   • Cost: Enter the value of manual depreciation that is deducted from the asset’s value.
6. Click on the “Save” button.