DEPRECIATION (amortization) refers to the decrease in the value of assets such as; buildings, vehicles, equipment, etc.
Budgeto automatically calculates all depreciation using the straight-line method based on the most commonly used depreciation rates.
How to modify DEPRECIATION rates
Click here to access this section in Budgeto
1- Click on Assets on the left-side menu, and then select Capital Assets.
2- Click on the button "Capital assets categories" in the top of the screen.
3- At this page, you will be able to modify any current depreciation rate (in years), as well as changing the Method from Straight-line to Declining.
4- IMPORTANT Don't forget to click on the SAVE button once you have finished modifying the depreciation rates.
Need help? These resources are for you!
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Happy Budgeting and know that we are here for you if you need help!
The Budgeto Team
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Related Articles (Please refer to the links below)
- How to enter assets (Capital assets and Investments)
- How to enter sales
- How to enter expenses