Run depreciation on fixed assets

Run depreciation to reduce the book value of fixed assets . An asset's depreciation amount depends on its purchase price or cost limit, and the details entered in its book value fields.

About running depreciation

  • You can run or roll back depreciation for up to one financial year at a time. If there are no assets to be depreciated in a period, you can still advance the current depreciation date by clicking Confirm.
  • The earliest date you can run depreciation from is your fixed asset start date. Any earlier depreciation can be manually entered against the relevant assets and account balances.
  • Depreciation is run on registered assets only, not draft, disposed or sold assets.

Run depreciation

You need the Adviser user role to run depreciation, and cannot run depreciation if an 'all users' lock date is dated in the depreciation period.
  1. Go to Accounts, then click Fixed Assets.
  2. Click Run Depreciation.
  3. Select the date you want to run depreciation to.
  4. Review the depreciation preview.
  5. Click Confirm.