Is it possible to add custom fields in accumulated depreciation?

Hi there,

Is it possible to add custom fields in fixed assets - accumulated depreciation entry? I would like to use it to log our business car usage. Thanks in advance.


Please share with us what you want to achieve that with. Maybe there would be a better option

You should not log business car usage as accumulated depreciation, because car mileage allowances or other costs are current expenses. Fixed assets - accumulated depreciation is a contra asset account.

Furthermore, information in custom fields cannot be incorporated into any financial calculations.

If you’re recording vehicle mileage, some of the posts in this topic might be useful for you:

Through that topic I started logging my own vehicle expenses. While my situation might be different to yours, there will be many similarities - including @Tut mentioning to log the travel as a current expense.