Track the depreciation of an asset
To depreciate a business asset in Money, create an account to track each depreciable asset. Once a year (or as recommended by your accountant), enter a transaction to decrease the value of the asset by the depreciation amount.

Consult your accountant to determine the best depreciation method for your assets and the period of time over which you should depreciate them.

  1. Create an asset account.
    2. Under Common tasks, click Add a new account.
    3. Click Other account type, and then click Next.
    4. In the list of account types, click Fixed Asset, and then click Next.
    5. Click Track transactions and other details, and then click Next.
    6. Type an appropriate name for the asset account, enter the date you acquired the asset or put it into service in your business, and then click Next.
    7. Click Business, and then click Next.
    8. Follow the instructions on the screen.
  2. Open the asset account you created.
    2. Click the asset account.
  3. In the lower left of the page, make sure that the Show transaction forms check box is selected.
  4. If the Decrease tab isn't highlighted, click Decrease, and then click New.
  5. Complete the information. In the Category box, enter a name for the category you want to use to track depreciation (for example, Asset Depreciation).
  6. Follow the instructions for creating a new category.
  7. Click Enter.

Notes