Post depreciation

Available in Microsoft Office Accounting Professional 2008 only.

Fixed Asset Manager can post your fixed asset depreciation into Microsoft Office Accounting 2008 as a journal entry. To do this, use the Fixed Asset Manager Depreciation Wizard.

  1. On the Fixed Assets menu, click Fixed Asset Manager.

  2. On the Actions menu, click Post Depreciation.

  3. On the Introduction page, enter a date in the Depreciation through date field, and then click Next.

  4. On the New Assets page, review the data for the new assets to be depreciated, and then click Next .

  5. On the Depreciation Entry page, review the total depreciation amounts to be posted, edit the amounts if necessary, and then click Next.

  6. On the Preview page, review the journal entry to be posted into Office Accounting 2008, and then click Post.

Note: The following data is required for a fixed asset to be included in a depreciation calculation: asset name, asset account, depreciation expense account, accumulated depreciation account, asset class, and useful life of the asset.

An asset with zero cost/basis or zero business use percentage is included in the depreciation calculation and displays zero depreciation to convey that the asset exists but is not being depreciated. However, an asset with a zero useful life is not included in the depreciation calculation.

Related topics

Fixed Asset Manager Depreciation Wizard: options and information

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