More flexible asset depreciation options

We’re delighted to announce that exciting updates to our capital asset and depreciation functionality are now live. You now have greater flexibility over the method used to calculate the depreciation and how frequently the ledgers are posted.

We’ve added support for the following:

• the reducing balance method of depreciation
• assets that don’t depreciate, such as land and investments
• assets depreciating on a monthly basis
• asset lifetimes of up to 25 years when depreciating using the straight line method
• a more detailed capital asset report

And more is coming soon!

Find out more about it in this blog.