Accum. Depreciation/Depreciation expense: Custom control/expense accounts

[Patch]

This is an excellent addition to Manager
For those that are interested, a summary of how to produce the format listed in

Accum. Depreciation/Depreciation expense: Custom control/expense accounts

I suppose what is lost is a summary level measure of business exposure to any differences between book value and actual value. A business cost when individual assets are disposed off. It is however a rather crude measure, as old large items with a low true current value will obscure actual current business exposure. If Book value was only shown on the summary page, users would need to click on the book value of each control account (Furniture, Land & Buildings, or Motor Vehicles) to see a scree…

Goto setting select
Add a Group for each of your Fixed asset classes

After which the Chart of accounts is

Got to Settings Control accounts

Which will initially show the default system fixed asset “at cost” and “accumulated depreciation” accounts

For each of your fixed asset classes add “at cost” and “accumulated depreciation” accounts from the respective panels. Assigning them to the group you created earlier.

Note the “at cost” accounts can also be created in the chart of accounts tab.

After which your Control accounts should show all business specific Fixed asset control accounts

Returning to the chart of accounts tab they are also shown there

The order can be updated by clicking on the arrow

After which the chart of accounts shows

And the summary screen shows

Adding some actual fixed assets with depreciation

The summary screen shows

Note
Book value is shown in gray for each asset class.

The easiest way to move older assets to the new structure is

1. Add the above structure

2. edit one of the assets in each asset class so it uses the appropriate “accumulated depreciation” account

3. Use batch update, sort by “ControlAccount”, Copy the “ControlAccountForAccumulatedDepreciation” to all other assets in that fixed asset class ( “ControlAccount” group), paste the result back into Managers batch update