Depreciating An Asset Across Multiple GL's

If you want to depreciate a single asset across multiple GL's you can do so by creating multiple asset entries for the single asset, broken out by percentages. Use the following example as a guideline for achieving this.

In this example, we have a single asset called ASSET with a cost of $100 that we wish to depreciate three ways. The first GL will receive 50% of the cost, and the other two GL accounts will receive 25% apiece.

1. Create three new asset entries. We recommend you use sequential numbering for the Asset ID Numbers.
   
   
2. In the Description 1 field for all three asset entries, name the asset the same. In our example, this will be ASSET.
   
   
3. In the Description 2 field on the first asset, notate: FIRST OF THREE
   
   
4. In the Description 2 field on the second asset, notate: SECOND OF THREE
   
   
5. In the Description 2 field on the third asset, notate: THIRD OF THREE
   
   
6. Configure the GL numbers for each asset as desired on the G/L Numbers tab.
   
   
7. On either the Book Method or Tax Method tabs, input the cost of the item based on the amount you want to depreciate. In this example, ASSET FIRST OF THREE would have $50.00 as the cost (50% of $100) and the other two entries would have $25.00 as the cost.
   
   

The reports will group these items together since you used sequential numbering for the Asset ID's. However, the reports will not subtotal based on these groupings.

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