To Post Depreciation using Journal Entries
1. Change your Program Date to the last day of the month or period you are posting the depreciation for, to ensure the journals are posted on the correct day.
2. Open the Nominal Ledger then click Journals.
The Nominal Ledger Journals window appears.
3. Insert your depreciation totals against the appropriate nominal codes, credits against the Balance Sheet nominal codes, debits against the Profit and Loss nominal codes. See the Manual Depreciation Example
4. Click Save.
The journal entries are posted to the appropriate nominal codes, which will be reflected on the Profit and Loss and Balance Sheet.
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