If your accountant uses the QuickBooks Fixed Asset Manager and you track
your fixed assets with fixed asset items, you may not need to enter
depreciation transactions. Ask your accountant for more information.
Go to the Lists menu and click Chart of Accounts.
Double-click the subaccount that tracks accumulated depreciation for the
asset you're depreciating.
Enter the transaction in the bottom of the register:
Enter the depreciation amount as a decrease in the register.
In the Account field, enter the expense account that you set up to track
Save the entry.
If you use a fixed asset item to track this asset, you can
edit your fixed asset
item and record that you've entered this depreciation transaction in the
In the asset's fixed asset account, QuickBooks subtracts the
depreciation amount from the cost of the asset.
In the account that tracks depreciation, QuickBooks enters the depreciation
amount as an increase to your company's depreciation expense.
Setting up asset accounts to track
Fixed asset tracking and
the Fixed Asset Manager