Fixed assets and depreciation

1. Record the purchase as usual, with a bill or expense coded to the asset account.
2. Go to Accounting → Fixed assets and click Add asset.
3. Enter the cost, the date it was put in use, the method (straight line with a useful life, or declining balance with a yearly rate), and the CCA class for tax.
4. Click Post depreciation each month, or catch up several months at once.

When you sell or scrap an asset, click Sell or scrap: Ledgri removes it from your books and records the gain or loss.

Book depreciation and tax CCA can differ; your accountant uses the CCA class on your tax return.