Is there a depreciation app/add-on for QB?

sraston-yahoo-co · ‎March 16, 2021

Jovychris_A · ‎March 16, 2021

Currently, we're having limited applications that can connect with QBO International accounts. That said, I'm unable to suggest a third-party application.

As a workaround, I'd recommend creating a journal entry and make it recurring. You can reference this article for the detailed steps: Depreciate assets in QuickBooks Online.

I also encourage seeking help from an accountant so he/she can help you further with proper accounting and tracking the lost value of an asset accurately.

In case you don't want to use journal entries, you can check out this article on how to record depreciation without using a journal entry.

For more resources, while working with your transactions in the future, you can also open the topics from our help articles.

Keep me posted if you have additional questions. I'll be there to help. Thanks and keep safe!

View solution in original post

Fiat Lux - ASIA · ‎March 16, 2021

@sraston-yahoo-co

I know one app for this purpose. With full automation enabled, it will monitor new fixed asset additions. Depreciation will be calculated and journals automatically entered to QBO at the end of every month. It’s only necessary to log back in and check the asset register as part of the annual review or if assets need to be marked as disposed. Unfortunately, I am not sure it works with your QBO region. Should you need to explore it, contact us in private. We may introduce you directly to the app developer.

View solution in original post

Jovychris_A · ‎March 16, 2021

Hello, @sraston-yahoo-co.

Currently, we're having limited applications that can connect with QBO International accounts. That said, I'm unable to suggest a third-party application.

As a workaround, I'd recommend creating a journal entry and make it recurring. You can reference this article for the detailed steps: Depreciate assets in QuickBooks Online.

I also encourage seeking help from an accountant so he/she can help you further with proper accounting and tracking the lost value of an asset accurately.

In case you don't want to use journal entries, you can check out this article on how to record depreciation without using a journal entry.

For more resources, while working with your transactions in the future, you can also open the topics from our help articles.

Keep me posted if you have additional questions. I'll be there to help. Thanks and keep safe!

Fiat Lux - ASIA · ‎March 16, 2021

@sraston-yahoo-co

I know one app for this purpose. With full automation enabled, it will monitor new fixed asset additions. Depreciation will be calculated and journals automatically entered to QBO at the end of every month. It’s only necessary to log back in and check the asset register as part of the annual review or if assets need to be marked as disposed. Unfortunately, I am not sure it works with your QBO region. Should you need to explore it, contact us in private. We may introduce you directly to the app developer.

sraston-yahoo-co · ‎March 17, 2021

don't know the private place

sraston-yahoo-co · ‎March 17, 2021

Thanks, i just went to do joural entry and get error

Mark_R · ‎March 17, 2021

Hi there, @sraston-yahoo-co.

I appreciate you getting back to us and providing a screenshot of the error received when entering a journal entry. Let's get rid of this error so you can create a journal entry successfully.

I can see that you're using the QuickBooks Online Desktop App and the error you received seems to be data issues on the app. Let's try resetting the app's data by clicking the Help menu and selecting Reset App Data.

After doing it, go back and try to create a journal entry to record depreciation. If the error continues showing after resetting the app's data, I suggest uninstalling and reinstalling the application.

You might also want to check out this article for more troubleshooting steps if you encounter issues using the app: QuickBooks App for Windows and Mac: General support.

Keep in touch if you need any more assistance with this, or there's something else I can do for you. I've got your back. Have a good day.

sraston-yahoo-co · ‎March 17, 2021

scary stuff-reset app ....won't i lose transactions?

Maybelle_S · ‎March 17, 2021

Thanks for coming back to us, @sraston-yahoo-co.

Resetting your QuickBooks app won't lose your transactions. This is to help refresh your data.

However, if the above steps won't work, we'll have to uninstall and reinstall the QBO application. Here's the link to reinstall the app: https://quickbooks.intuit.com/apps/. Scroll down to the Get the QuickBooks Mac or Windows App section, then click the Free Download button.

I'd appreciate it if you can get back to me with the results. We can troubleshoot this further in case the same behavior occurs.

sraston-yahoo-co · ‎March 17, 2021

see