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.

Not possible - and I can’t imagine many users would want it. I have never seen this done in any P & L reports, ever

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…

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.

[image] Ben7230: to me it is just showing numbers. nothing is changing. I do not understand what you mean by this. [image] 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 descr…

[image] 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. [image] Tut: If you like your other program better, use it. If you want to …

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.…

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] That is the total depreciation for 5 ass…

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). [image] Ben7230: m…

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] so why cant it give me the assets name on the sum…

[image] 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 a…

Itemized fixed asset depreciation on Profit and Loss report

generalegend December 12, 2019, 8:01pm 13

@Ben7230 see this thread in the ideas category. If implemented this would possibly give the functionality that you requested.

Topic		Replies	Views
Depreciation fixed assets (expense) account	26	5673	August 8, 2019
Accum. Depreciation/Depreciation expense: Custom control/expense accounts	27	4045	June 13, 2020
Include Fixed Asset name in Depreciation entries	7	865	June 5, 2020
Accumlated Depreciation expenses	4	1788	May 27, 2015
Fixed Asset Depreciation	21	3253	February 10, 2019

Itemized fixed asset depreciation on Profit and Loss report

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