Recording depreciation

Once you have added the fixed assets, they will then show on the Fixed Assets page.

fixed assets page

Once a fiscal year that an asset has been created for has finished, you will be able to click on the asset for that year by clicking on the asset, then click on Depreciate as shown below. You will then be able to depreciate at the end of every year by following same instructions.

depreciate asset

Clicking on Depreciate will record the depreciation journal which will show the journal within the connected journal entries.

depreciation journal entry