Recurring and automatic depreciation

Dear @lubos

Is it possible that an option can be enabled to schedule automatic recurring depreciation? A similar alternative to recurring journal entries.

Thank you!

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I have put this into ideas. Realistically, additional depreciation methods should be added first.

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Practically speaking, recurring depreciation is equivalent to straight line depreciation. However, each asset will have it’s own depreciation entry instead of one entry for all assets.

I disagree. It should be possible to implement a depreciation schedule for any definable depreciation method, although straight line should be the first added.

It depends if a recurring “Depreciation entry” or a recurring “Depreciation calculation worksheet” is implemented.

  • The “Calculation Worksheet” could be extended to several depreciation strategies.

  • Repeating “Depreciation entries” each month for a year would result in straight line for the period chosen, which could be a reasonable strategy to distribute annual depreciation.

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Do you mean there is no automatic depreciation for assets?
Should i do it in journal entries ?

How can i do recurring journal entries ?

See guides! Calculate depreciation automatically | Manager and Depreciate fixed assets | Manager

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i got that there is no straight line method
but i can add manually depreciation of straight line method in journal entries
only declining method in sheet

Is the straight line depreciation recurring transactions still being considered? I see that declining is in place but adding straight line method would also benefit many. this so we don’t need to select each month the assets that you want to depreciate. after all, they will be just the same amounts.