Depreciate laptops, furniture and other equipment
Capitalize a purchase as a fixed asset and Accountable depreciates it each month over its asset class's life, like 36 months for computer equipment.
Steps
Step 1: Open Accounting › Schedules and pick Fixed assets.
Step 2: Press New schedule, or press Capitalize on a suggested purchase.
Step 3: Fill in Description, Total and Placed in service, and pick the Asset class: Computer equipment (36 months), Furniture and fixtures (84), Equipment (60) or Capitalized software (36).
Step 4: Press Create schedule. Depreciation posts at each month-end.
Step 5: If you sell or lose the asset, open it and press Dispose.
Good to know
- Set the smallest purchase to capitalize under Capitalize purchases from in Settings › Accounting basis.
- Fixed assets change both cash and accrual books.