How to make a Depreciation Postings on sage line 50

It is very important to note that this Fixed Assets option posts depreciation postings only. It is assumed that you have already entered the book value of each of your fixed assets directly into your nominal ledger as balance sheet accounts. For existing assets these values should have been entered as part of your opening balances. For assets you have bought since entering your opening balances the cost price should have been assigned to the appropriate nominal ledger asset account when you recorded the receipt of the supplier invoice or as a direct Bank Payment if you did not use a supplier. These postings are actually made using the Sage Line 50 Month End option. The postings will only be made once in any calendar month. If however, you forget to post depreciation during a month, the system will only post this for you if you change the Sage Line 50 program date to a date that falls within the month you missed. For example, if you are in July and forgot to post June’s depreciation values. When you post the July depreciation, June’s depreciation will not also be posted. To post June’s depreciation you need to change the Sage Line 50 program date to a date in June then run the Month End. Do not forget to change the date back! At the end of every month, through the Month End option, you can ask Sage Line 50 to make the monthly depreciation postings automatically for you. The postings made are as follows (no VAT is involved): The Profit & Loss nominal ledger expense account defined in each asset record (Dep’n P&L N/C) is increased by the monthly depreciation amount (debit posting). The balance sheet fixed asset depreciation account defined in each asset record (Dep’n BS N/C ) is increased by the monthly depreciation amount (credit posting). The transactions will appear as JC’s and JD’s (Journal debits and credits) on the audit trail and be given the reference, "DEPREC" automatically for you. No VAT is involved and these transactions do not need to be reconciled with any bank. Sage.com If you have a modem, an Internet browser and an Internet account, you can set up your Sage Line 50 program to “surf the ‘net” quickly and easily. Use the sage.com button on the Sage Line 50 toolbar to access the sage web site on the Internet. Accessing the Internet The Internet option in Sage Line 50 makes it easy for you to access the Internet. Choosing this option launches your default browser and enables you to visit our own web site at www.uk.sage.com. You can also access credit bureaus and couriers to check on customer credit ratings and the delivery status of any parcels you have sent. The Sage Web Site The sage.com web site delivers fast access to information and activities designed specifically to meet the needs of the UK business community. The home page gives you access to dedicated channels of information including news, business and travel. To find out more about Sage, the company and its products, select the sage.com icon from your Sage Line 50 desktop. The World Wide Web There is so much for you to discover on the Internet and we have made it even easier for you to access. You can `surf` the 30 million pages on the web directly from our home page. You will be amazed at what you can find.