To record a depreciation amount for an asset, you can create a recurring journal profile and set them to recur based on your preference. To do this:
Insight: You can also enter a frequency of your choice by choosing Custom from the dropdown.
Select Depreciation Expense as the Debit account and the account under which the asset was recorded as the Credit account.
Click Save and Publish or Save as Draft to record the asset depreciation.
Based on the preferences you have set for the recurring journal, the child journals that are created will be saved in the Draft or Published status. All the child journals will be available as journals under Manual Journals.
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