Asset Depreciation Ledger

The Asset Depreciation Ledger lists every depreciation actually posted, one row per asset per period: the asset, depreciation date, amount, accumulated depreciation after it and the Journal Entry that posted it. The Asset Depreciation Schedule says what should happen; this ledger shows what did, so it is the report to check that the monthly Depreciation Entry ran and that the total agrees with the Accumulated Depreciation account. Each row traces to a Journal Entry of type Depreciation Entry, Dr Depreciation - Property, Plant and Equipment, Cr Accumulated Depreciation. The demo shows the monthly Rs 1,235.54 charge, posted by ACC-JV-2026-00091, across the chairs, table and laptop.

Accumulated depreciation = Sum of posted depreciation amounts up to the date; period charge = (Cost - Salvage) / Total number of depreciations

1. 01Go to Financial Reports > Asset Depreciation Ledger.
2. 02Set Company, From Date and To Date; optionally one Asset, Asset Category or Finance Book.
3. 03Tick Include Default Book Assets unless you are checking a separate tax book.
4. 04Read Asset, Depreciation Date, Depreciation Amount, Accumulated Depreciation and Journal Entry per row.
5. 05Confirm one row per asset per month; a missing month means the scheduler did not run.
6. 06Click the Journal Entry, ACC-JV-2026-00091 for example, to see the Rs 1,235.54 posting.
7. 07Tie the Accumulated Depreciation total to the account balance in the Trial Balance.

Open to check depreciation ran every month and to tie it to the ledger.

Shows the monthly Rs 1,235.54 depreciation entries across the chairs, table and laptop.