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Handling Depreciation

Handling Depreciation

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Handling Depreciation

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Evopos is not currently have an Asset register and the depreciation of Vehicles, Fixtures and Equipment is normally left to the Accountant to handle outside the scope of Evopos.

However you can show depreciation if you require by the following

Ensure you have a liability balance account for Depreciation (if you do not already have one select: Nominal /Liabilities / New and give a name eg: Depreciation)

Create a negative transaction using a nominal for one of the Fixed Asset accounts (Vehicles, Fixtures and Equipment) and mark it pain from the Depreciation balance account