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Accumulated Depreciation for Fixed Asset

Record accumulated depreciation for fixed asset​

  1. GL > Journal Entry > New

  2. Key in the double entry for recording accumulated depreciation

    info

    Eg: Record the depreciation of motor vehicle in year 2015 Debit Depreciation Expenses RM1000 Credit Accumulated Depreciation of Motor Vehicle RM1000

  3. Save

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The Next Year​

  1. GL > Journal Entry. Open the journal entry of depreciation in year 2015

  2. Right click on empty space, refer picture , Copy Journal Entry

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  3. New

  4. Right click on empty space, refer picture, Paste Journal Entry 3

  5. Edit the journal entry by changing the date, description and amount

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  6. Save!