How do you handle depreciation on QB
How do you guys handle depreciation in QBO ? More precisely I would like to know if you keep an excel file outside QBO where you list all assets, and you keep their depreciation schedule and if you make one big depreciation entry for all assets at one , say each month , or if you do separate entries for each asset each month ? Do you automate the depreciation for each asset separately in QB ? Or you make only one entry depreciation where the amount combines all asset depreciated that month ? How do you keep track of all that , you add new assets , you completely depreciate another asset at a certain point in time etc. How do you know where you are at with each asset and their specific depreciation schedule ? Not sure if I am being clear but I am very interested in knowing the most easiest way to keep track of these things and what are the best practices in general when it comes to adding new assets, depreciation schedule how you enter that in QB , how do you keep track where you are with depreciation schedule , if you have many assets not just a few ?