If you are not using Realtimme Fixed Asset register and choose to pass monthly journal entry to depreciate your fixed assets, follow the example below.
Assuming you have the following depreciation summary reports to be passed through in the accounts
for the month of Jan 2020
|
COA |
Debit |
Credit |
Depreciation expenses |
O-D003-1 |
650.00 |
|
Acc Depn – Furniture & fittings |
B-F001-1 |
|
300.00 |
Acc Depn – Motor Vehicle |
B-M001-1 |
|
150.00 |
Acc Depn - Office Equipment |
B-O001-1 |
|
200.00 |
At [A/c Entry], click [GL Journal]
Click [Add]
Cr Office Equipment 2,300.00
|
See Link from Realtimme Fixed Asset Register
Related Topics |
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Recurring GL journal for repeating GL journal |
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Watch all videos: |
http://realtimme.cloudapp.net/basic/index.html?gl_depreciations.htm
