Is there a way to show depreciation separately on profit loss?

1

Is there a way to show depreciation on profit loss separately and not included in expenses on the profit loss statement?

Ie

Income (total)

Expenses (total)

Profit/loss before depreciation (sub total)

Depreciation

Profit /loss (after depreciation)

Thanks

2

You can do that in multiple ways but the easiest method is to go to:

  • Settings > Chart of Account

… from there you can Edit the account in question and set it’s group to nothing.

Refer to these guides for more detail:

1 Like
3

Thanks for this

4

Go to Manager → your business → Settings → Chart of Accounts

  • Profit and loss statement → New group → Name: “Depreciation”
  • Profit and loss statement → New Account → Name: Your first depreciation group. Group: “Depreciation”
  • Profit and loss statement → New Account → Name: Your second depreciation group. Group: “Depreciation” etc
  • Profit and loss statement → New Total → Name: “Profit/loss before depreciation (sub total)”
  • Profit and loss statement → New Total → Name: “Profit /loss (after depreciation)”
  • Profit and loss statement → click on reorder arrows → drag items to desired order

Go to Manager → Fixed Assets

  • for each of your fixed assets
  • Click on “Edit” → Check “Custom depreciation expense account”
  • Select the appropriate depreciation account created above