Hello, I’m setting up my account for the first time, and I’ve listed accumulated depreciation on assets, but it keeps appearing on liabilities on the Balance Sheet. I saw some posts suggesting that with the word depreciation, I should be able to assign a parent account, but it doesn’t give me the o…

Hello @RJ4All Here is the link to the support article which gives instructions on depreciation [image] Balance Sheet Report Reporting The Balance Sheet report gives you a snapshot of the assets, liabilities and equity for your organisation at a specific point…

Hello, I’m using my own codes, 1310 Machinery & Equipment 1311 Acc Depreciation - Machinery & Equipment 1320 Furniture & Fixtures 1321 Acc Depreciation - Furniture & Fixture 1325 Fixtures & Improvements 1326 Acc Depreciation-Fixtures & Improvement Should I try the default codes?

In my QuickFile chart of accounts, my custom 00xx codes whose names say “depreciation” or “amortisation” have an option in their settings for “parent asset code” that links them to the net book value mechanism. I just tried creating a test code with a 13xx number named “Something else depreciation”…

Hello, Ian. Thank you so much for trying to help. I’ve tried that, but I still don’t have the option. I’m wondering if maybe it’s because I created the account when I registered the first entry journal. Perhaps I should have created the account before?

Hello all, I got this message ”Depreciation pairs must reside within 1-1199 range of the balance sheet.” Thank you for your help!

Acumulated Depreciation

Support

QFSteve 19 September 2025 16:03 2

Hello @RJ4All

Here is the link to the support article which gives instructions on depreciation

What codes are you trying to use?

Are the default codes or your own?

Here are a couple of threads from the forum relating to this topic which may also help.