Depreciating an Asset in Moneydance

Steve's Avatar

Steve

14 Jul, 2019 04:05 AM

How do I set up the monthly depreciation on an asset in Moneydance? That is, depreciate the asset each month but only reduce the asset value. Do I have to set up a Depreciation Expense line item?
Thanks,
Steve

  1. 1 Posted by dwg on 14 Jul, 2019 05:54 AM

    dwg's Avatar

    I'm a fellow user.

    You would need to set up a category for the depreciation and transfer funds from the asset account to this category to decrease the value of the asset as required.

  2. System closed this discussion on 13 Oct, 2019 06:00 AM.

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