Depreciating Fixed Asset
To depreciate a fixed asset:

     1. Go to Finance > GL > Fixed Assets.
     2. Select the fixed assets to depreciate.
     3. From the multi-action dropdown, select Depreciation. You'll be taken to a screen to process depreciation.
     4. In the Depreciate pending items through field, enter the date through which depreciation should be applied. The system will identify all unprocessed scheduled depreciation items on or before that date.
     5. Specify a Classification if applicable.
     6. Review the list of items to be depreciated.
     7. Click Journalize. This step creates journal entries for the calculated depreciation amounts. These entries debit the expense GL account and credit the depreciation GL account.
     8. Post the journal entries.
 

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