Depreciation can be as simple as posting a journal at year end. However, if you're using Sage 50 Accounts Professional you can set up records and post depreciation as part of the month end process.
Friday 19 April @ 1pm
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I'm coming to Sage Cloud from Sage 50 and am used to using the Fixed Asset Module which posts monthly depreciation via the month end routine. In the new cloud version is there anything equivalent, or do i just do it manually through journals?
We are in the final stages of building a house that we will rent out. I have set up a project to track expenses and revenue, but not entirely sure on the accounts to use.
Would I set up an expense account for appliances 5115 and an asset account 1840…
