Skip to main content
Truewind

Ask the support agent

Just ask a direct question or search related articles from the Knowledge Base.

Support Center / Fixed Assets / Manage

Create a depreciation schedule for Fixed Assets

Register a Fixed Asset with depreciation inputs when it should depreciate over time, resulting in a schedule that is ready for review and posting.

Workflow

Step 1

Open the register

Start in Fixed Assets > Register for the accounting month where you want to review or create schedules.

Fixed Assets register with asset rows grouped by fixed asset account.

Step 2

Create an asset

Use Create Asset to open the registration form where schedule inputs are captured.

Fixed Asset registration form with asset information and depreciation sections.

Step 3

Enter asset information

Complete the asset name, asset account, purchase price, salvage value, purchase date, and disposal date if the asset already has one.

Fixed Asset registration form showing the Asset Information section.

Step 4

Set depreciation

Enter the depreciation expense account, accumulated depreciation account, useful life, method, and depreciation start date.

Fixed Asset registration form showing depreciation account, useful life, method, and start date fields.

Step 5

Add dimensions

Expand Dimensions and choose the class, department, and project values that should apply to the asset and its depreciation entries.

Fixed Asset registration form with the Dimensions section expanded.

Step 6

Add additional information

Expand Additional Information to add the asset tag and description before registering the asset.

Fixed Asset registration form with the Additional Information section expanded.

Step 7

Review the schedule

Open the asset to confirm the generated terms, accumulated depreciation, net book value, and posting status.

Fixed Asset detail page showing the generated depreciation schedule terms.

What to verify

Review the asset account, purchase date, depreciation start date, method, useful life, and posting status before you rely on the schedule.

Was this helpful?

Need more help?

Ask for human help about this article and provide any feedback.