Asset Depreciations and Balances

Asset Depreciations and Balances is the movement table that financial statements present as the fixed asset note: per asset category, opening cost, additions, disposals and closing cost, then opening accumulated depreciation, the charge, depreciation eliminated on disposal and closing accumulated depreciation, and finally net value. Nepali audited accounts and the income tax depreciation schedule both want exactly this layout, so run it for the full fiscal year at closing. It is built from Asset records and their posted depreciation entries, and the closing net value per category must equal the fixed asset accounts less Accumulated Depreciation in the Balance Sheet. Office Equipment shows cost Rs 1,00,000, depreciation to date and the written down value.

Closing cost = Opening cost + Additions - Disposals; Closing net value = Closing cost - Closing accumulated depreciation

1. 01Go to Financial Reports > Asset Depreciations and Balances.
2. 02Set Company, From Date 2026-07-17 and To Date 2027-07-16 for FY 2083-2084; optionally an Asset Category.
3. 03Tick Include Default Book Assets or set the Finance Book for the tax book.
4. 04Read per category: Cost opening, additions, disposals and closing; Depreciation opening, charge, eliminated and closing; Net Value.
5. 05Furniture and Fixtures shows Rs 40,000 added and Office Equipment Rs 1,00,000 added in the demo year.
6. 06Compare closing net value with the Balance Sheet fixed asset lines less Accumulated Depreciation.
7. 07Export with Menu > Export for the fixed asset note and the income tax schedule.

Open for the depreciation note in financial statements or the IRD income tax schedule.

Office Equipment: cost Rs 1,00,000, depreciation to date, closing value after the monthly charges.