Obsolete

This content is outdated and kept here for reference only!

How do I account for Depreciation in LedgerSMB?

Submitted by Chris Travers on Wed, 04/25/2007 - 05:24

This content is outdated and kept here for reference only!

NOTE: LedgerSMB has a Fixed assets module as of 1.3. The FAQ below is out-dated.

LedgerSMB does not have a built-in assett tracking / depreciation feature. Depreciation can be managed manually using General Ledger Transactions. You should probably confirm this with your accountant, but the basic procedure (kindly suggested by Tony Fraser) is, assuming a computer asset over 5 years: