# Itemized fixed asset depreciation on Profit and Loss report **URL:** \ **Category:** Uncategorized\ **Created:** [December 12, 2019, 2:40pm UTC](https://forum.manager.io/t/itemized-fixed-asset-depreciation-on-profit-and-loss-report/25768 "2019-12-12T14:40:00Z")\ **Posts on this page:** 15\ **Page:** 1
**Author:** ![Ben7230](https://avatars.discourse-cdn.com/v4/letter/b/a587f6/32.png) [@Ben7230](https://forum.manager.io/u/Ben7230)\ **Post date:** [December 12, 2019, 2:40pm UTC](https://forum.manager.io/t/itemized-fixed-asset-depreciation-on-profit-and-loss-report/25768/1 "2019-12-12T14:40:00Z")
On my Profit & Loss report is there a way to show the depreciation for each fixed asset? Right now it is all grouped under “Fixed Asset Depreciation”. I would like to see a line for each asset and its depreciation. ---
**Author:** ![Joe91](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/joe91/32/35781_2.png) [@Joe91](https://forum.manager.io/u/Joe91)\ **Post date:** [December 12, 2019, 2:43pm UTC](https://forum.manager.io/t/itemized-fixed-asset-depreciation-on-profit-and-loss-report/25768/2 "2019-12-12T14:43:48Z")
Not possible - and I can’t imagine many users would want it. I have never seen this done in any P & L reports, ever ---
**Author:** ![Tut](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/tut/32/3286_2.png) [@Tut](https://forum.manager.io/u/Tut)\ **Post date:** [December 12, 2019, 2:58pm UTC](https://forum.manager.io/t/itemized-fixed-asset-depreciation-on-profit-and-loss-report/25768/3 "2019-12-12T14:58:45Z")
The reason you cannot do this is that depreciation is hard-coded into calculation of book value, which in turn is used in various reports and worksheets, as well as being used to determine the balance of the _Fixed assets, accumulated depreciation_ account. That is also why you cannot access the _Fixed assets - depreciation_ account for journal entries. If you want to see the depreciation history of an asset, go to the Fixed Assets tab and drill down under the Depreciation column. Or look at the Fixed Asset Summary under Reports. ---
**Author:** ![Ben7230](https://avatars.discourse-cdn.com/v4/letter/b/a587f6/32.png) [@Ben7230](https://forum.manager.io/u/Ben7230)\ **Post date:** [December 12, 2019, 3:38pm UTC](https://forum.manager.io/t/itemized-fixed-asset-depreciation-on-profit-and-loss-report/25768/4 "2019-12-12T15:38:58Z")
Ok, but to me it is just showing numbers. nothing is changing. I have done it in my other program, but manually. I had to create a new expense account for that asset (under a depreciation group) and then in general journal entries, make the transaction. ---
**Author:** ![Tut](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/tut/32/3286_2.png) [@Tut](https://forum.manager.io/u/Tut)\ **Post date:** [December 12, 2019, 3:44pm UTC](https://forum.manager.io/t/itemized-fixed-asset-depreciation-on-profit-and-loss-report/25768/5 "2019-12-12T15:44:06Z")
> [@Ben7230](#): > > to me it is just showing numbers. nothing is changing. I do not understand what you mean by this. > [@Ben7230](#): > > I have done it in my other program, but manually. If you like your other program better, use it. If you want to use Manager, you cannot do what you describe for the reasons I already explained. ---
**Author:** ![Ben7230](https://avatars.discourse-cdn.com/v4/letter/b/a587f6/32.png) [@Ben7230](https://forum.manager.io/u/Ben7230)\ **Post date:** [December 12, 2019, 3:55pm UTC](https://forum.manager.io/t/itemized-fixed-asset-depreciation-on-profit-and-loss-report/25768/6 "2019-12-12T15:55:04Z")
> [@Tut](#): > > I do not understand what you mean by this. The P&L report is a list of accounts displaying there respective amounts. On a P&L no changes can be made to any account. It is just displaying information. > [@Tut](#): > > If you like your other program better, use it. If you want to use Manager, you cannot do what you describe for the reasons I already explained. I did not say that i liked my other program better. I was explaining what I did in my other program. ---
**Author:** ![Tut](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/tut/32/3286_2.png) [@Tut](https://forum.manager.io/u/Tut)\ **Post date:** [December 12, 2019, 4:22pm UTC](https://forum.manager.io/t/itemized-fixed-asset-depreciation-on-profit-and-loss-report/25768/7 "2019-12-12T16:22:41Z")
I still don’t get your point about the P&L. The report is not just a display of numbers that can be moved at will. It is the synthesized result of interrelated transactions. Move one transaction that affects the P&L and there is a corresponding effect on a balance sheet account or subsidiary ledger. And that ripples elsewhere through reports and worksheets. ---
**Author:** ![Ben7230](https://avatars.discourse-cdn.com/v4/letter/b/a587f6/32.png) [@Ben7230](https://forum.manager.io/u/Ben7230)\ **Post date:** [December 12, 2019, 5:18pm UTC](https://forum.manager.io/t/itemized-fixed-asset-depreciation-on-profit-and-loss-report/25768/8 "2019-12-12T17:18:51Z")
Yes I understand that. I am talking about displaying numbers that are already “there”. for example. There is one line on P&L stating the depreciation amount for the period I have selected, which is the last fiscal year. ![Screen Shot 12-12-19 at 10.51 AM](https://us1.discourse-cdn.com/flex019/uploads/manager1/original/3X/3/3/33a544f20e25bf0e609e382453fc211f56869b71.png) That is the total depreciation for 5 assets. my first question was if there is a way to expand that line to show each assets name and its depreciation on the P&L report. But if it is not possible, it’s not possible. if I click on the blue number this is what I get. ![Screen Shot 12-12-19 at 10.52 AM](https://us1.discourse-cdn.com/flex019/uploads/manager1/original/3X/b/5/b5ccc855fd31d56e2032f93d9bdb086da0f7712b.png) It still does not list each assets name. ---
**Author:** ![Tut](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/tut/32/3286_2.png) [@Tut](https://forum.manager.io/u/Tut)\ **Post date:** [December 12, 2019, 5:45pm UTC](https://forum.manager.io/t/itemized-fixed-asset-depreciation-on-profit-and-loss-report/25768/9 "2019-12-12T17:45:30Z")
First of all, unless you renamed the account as _Fixed Asset Depreciation_, you are not dealing with the program’s depreciation features at all. The built-in depreciation expense account is named _Fixed assets - depreciation_ (note the capitalization and punctuation differences). > [@Ben7230](#): > > my first question was if there is a way to expand that line to show each assets name and its depreciation on the P&L report. I understood your question and answered it. There are no subsidiary ledgers for P&L accounts. If you put more information into your descriptions, you will be able to use the Search function to isolate those transactions. ---
**Author:** ![Ben7230](https://avatars.discourse-cdn.com/v4/letter/b/a587f6/32.png) [@Ben7230](https://forum.manager.io/u/Ben7230)\ **Post date:** [December 12, 2019, 6:26pm UTC](https://forum.manager.io/t/itemized-fixed-asset-depreciation-on-profit-and-loss-report/25768/10 "2019-12-12T18:26:17Z")
Yes the built in account was renamed If I would use a new depreciation entry for each asset then I could put the assets name in the description. But the program is designed to list multiple assets in one deprecation entry for each period. ![image](https://us1.discourse-cdn.com/flex019/uploads/manager1/original/3X/1/d/1dbc3b12f52886aa7b06f0274c486e89d4ffc076.png) so why cant it give me the assets name on the summary tab. ![image](https://us1.discourse-cdn.com/flex019/uploads/manager1/original/3X/e/e/eed0ed27fef87ff8a5215caf2cdc41940eaf1e7f.png) ---
**Author:** ![Tut](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/tut/32/3286_2.png) [@Tut](https://forum.manager.io/u/Tut)\ **Post date:** [December 12, 2019, 7:03pm UTC](https://forum.manager.io/t/itemized-fixed-asset-depreciation-on-profit-and-loss-report/25768/11 "2019-12-12T19:03:46Z")
> [@Ben7230](#): > > why cant it give me the assets name on the summary tab. Because there are no subsidiary ledgers. In your example, only the transaction total of 2,535,150 was entered in the _Fixed Asset Depreciation_ account ledger. Subsidiary ledgers for income and expense accounts would add an entire layer of complexity to the program. That is why I told you in post #3 above to go to the Fixed Assets tab and drill down. The _Fixed Assets_ account is a control account (which can exist only for balance sheet accounts), and it does contain subsidiary ledgers for individual assets. ---
**Author:** ![Ben7230](https://avatars.discourse-cdn.com/v4/letter/b/a587f6/32.png) [@Ben7230](https://forum.manager.io/u/Ben7230)\ **Post date:** [December 12, 2019, 7:12pm UTC](https://forum.manager.io/t/itemized-fixed-asset-depreciation-on-profit-and-loss-report/25768/12 "2019-12-12T19:12:46Z")
Ok, case closed. Thanks ---
**Author:** ![generalegend](https://avatars.discourse-cdn.com/v4/letter/g/ac8455/32.png) [@generalegend](https://forum.manager.io/u/generalegend)\ **Post date:** [December 12, 2019, 8:01pm UTC](https://forum.manager.io/t/itemized-fixed-asset-depreciation-on-profit-and-loss-report/25768/13 "2019-12-12T20:01:26Z")
@Ben7230 see this thread in the ideas category. If implemented this would possibly give the functionality that you requested. > [@Accum. Depreciation/Depreciation expense: Custom control/expense accounts](https://forum.manager.io/t/accum-depreciation-depreciation-expense-custom-control-expense-accounts/18634): > > See the above thread where there was a request for the custom control account function be extended to include Fixed asset accumulated depreciation I would like to support the request for this functionality. e.g. Balance Sheet Fixed Asset - Buildings (cost) $120,000 (less) Accumulated Depreciation - Buildings ($10,000) Fixed Asset - Equipment (cost) 80,000 (less) Accumulated Depreciation - Equipment ($6,000) Also, I would like to be able to select a custom P&L depreciation expense accoun… ---
**Author:** ![Petrie\_Fuls](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/petrie_fuls/32/19324_2.png) [@Petrie\_Fuls](https://forum.manager.io/u/Petrie_Fuls)\ **Post date:** [December 17, 2019, 6:09am UTC](https://forum.manager.io/t/itemized-fixed-asset-depreciation-on-profit-and-loss-report/25768/14 "2019-12-17T06:09:24Z")
I know the case is closed, but I just want to remind you that IFRS requires the accumulated depreciation and depreciation split in the notes to the annual financial statement between the different type of assets. So if it is split in your trial balance, it can be easily be picked up in your annual financial statements. Therefor I support the request to split it in Manager for a future request. ---
**Author:** ![Ealfardan](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/ealfardan/32/63166_2.png) [@Ealfardan](https://forum.manager.io/u/Ealfardan)\ **Post date:** [January 18, 2023, 2:57pm UTC](https://forum.manager.io/t/itemized-fixed-asset-depreciation-on-profit-and-loss-report/25768/15 "2023-01-18T14:57:59Z")
Closed on January 18, 2023, 2:57pm UTC