Can I delete the depreciate schedule and start again from scratch?

Hi there, @pamela22.

Yes, you can delete a depreciation schedule. Before proceeding, I recommend consulting your accountant to ensure your financial records and tax filings remain accurate. Since depreciation impacts taxes and reports, it's important to avoid any inconsistencies.

If your accountant confirms it’s safe to proceed, here’s how to do it:

1. Go to Accounting in the left-hand menu.

2. Select Fixed assets.

3. Locate the asset you want to delete.

4. In the Action column, click the dropdown arrow and choose Delete.

5. Confirm by clicking Delete asset.

6. Repeat for any other assets you want to update.

Once done, you can recreate the assets using the correct depreciation expense accounts. 

To help you set everything up, check this article: Depreciate Assets in QuickBooks Online.

Let us know if you have any questions. We’re here to help.

Hi there, @pamela22.

I just wanted to follow up to check if the resolution we provided helped resolve your issue.

Please let us know if everything is now working as expected or if you’re still experiencing any problems. 

We’ll be glad to assist further if needed.