how to record depreciation in quickbooks | Scribe

how to record depreciation in quickbooks

If you are a business owner or accountant, you may need to know how to record depreciation in QuickBooks in order to accurately track the value of your assets over time. Depreciation is an important accounting concept that allows businesses to spread out the cost of an asset over its useful life, which can help to reduce the amount of taxes that a business pays. Knowing how to record depreciation in QuickBooks can help you to ensure that your financial records are accurate and up-to-date.
Created by Ghostwriter from Scribe | 7 steps
Click the "+ New" button in the upper right corner of the screen.
Select "Journal Entry" from the drop-down menu.
In the "Account" field, select the asset account you want to depreciate.
In the "Debit" field, enter the amount of depreciation you want to record.

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