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Post Info TOPIC: Sage and depreciation


Guru

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Sage and depreciation
 


I am in the process of learning Sage Instant Accounts and maybe will come to this later - but do you put in a figure for the rate of depreciation and let Sage do all the work? Or do you have to manually calculate the depreciation and then put this amount in?

Reading other people's posts they talk of using rates od 25% or 33% or 100% - are they manually calculating these.

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Expert

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Hi Peasie

I don't know about other versions of Sage but I am pretty sure there is no magic wizard to do it for you! It's back to Excel and/or an asset register, I'm afraid

Bill

(someone is now bound to say there is a function)

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Guru

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Line 50 does it for you but not instant

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Advice from beyond the grave!!!

E&OE



Veteran Member

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As above it would be back to excel and entering this figure into Sage Instant.

I have a Sage Line 50 at work but still use excel as our Sage 50 does not have the asset register/depreciation feature.



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Guru

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Personally I always calculate and enter these things manually!

On Sage, I think its only the account plus and professional packages that does the dep for you.

P



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Guru

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I also always do the manual calculation and then journal in, e.g for motor vehicle depreciation :

dr 8003 xxxx
cr 0051 xxxx

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Rob
www.accounts-solutions.com
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