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Adding Depreciation

Some of the assets you put in your balance sheet will be ones whose values depreciate over time.

If you purchase vehicles and are paying them off monthly, then you have to factor in the depreciation of the items.

To add depreciation to an item in your balance sheet, click on the line item. In this instance, we are looking at the fixed assets category of 'Vehicles', which in the forecast is shown as monthly payment following the purchase in August 2015 - Y1 of the forecast.

You will then land on this page.

From here, click on the heading 'Depreciation'.

Then simply type over or use the up and down arrows to set a rate of depreciation. In this case, we have put in 25%.

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