Accumulated Depreciation Journal entry

1

There is an account under Assets for accumulated depreciation however when I try and do a journal entry this account does not appear in my drop down list ? How can I resolve this ?
Thanks

2

You need to read the guide on entering depreciation Depreciate fixed assets

3

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Click on “Accumulated Depreciation”

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Then enter amount and description

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4

I think there is no JE for Accumulated Depreciation. It’s very inconvenience when trying to manually dispose off of small assets.

This is what i did, not perfect but serve the purpose.

  1. Create a chart of account under Fixed Asset, name it as FA-Accumulated Depreciation (disposal) and link to special account
  2. Create fixed assets grouping in Special Account
5

You are ignoring the built-in process for disposing of fixed assets. See https://www.manager.io/guides/9121. Your process will not properly remove disposed assets from your books, but will only move their accumulated depreciation around on your balance sheet.

6

That’s correct. I believe because multiple things need to occur when an asset is disposed.
To do none standard changes see
https://forum.manager.io/t/fixed-asset-custom-report-for-1st-year-depreciation-day-calculation/26537/11?u=patch