Set up and create depreciation profiles

Depreciation profiles determine the type and the frequency of depreciation for an asset.

Create a depreciation profile

1. Go to Fixed assets > Setup > Depreciation profiles.
2. Click New.
3. In the Depreciation profile field, type a value.
4. In the Name field, type a value.
5. In the Method field, select an option. If selecting reducing balance, you will need to enter a percentage in the Percentage field.
6. In the Depreciation year field, select an option.
7. In the Period frequency field, select an option.
8. Close the page.