There is a topic on writing off, but I don’t really understand it and I think it’s not about the same issue ( Bad debt / wire-off ).
I asked my question over there, but didn’t got an answer. So I’m still searching
Since I have also a write-off, I would like to check if I did it correctly. I’m a pedicab-driver and I bought and paid my pedicab. I put it in “fixed assets”. I don’t know exactly how anymore, but I choose “accumulated depreciation”. There I put 1/5th of the paid amount. I could not make the write-off automatically. Is this the correct way?