kazsamx Registered Posts: 8 New contributor 🐸
Can someone advise how to do the bad debt and depriciation adjustments in the ETB, for some reason as fast as i think I got it, it eludes me again. There must be an easier way to do this:confused1::confused1:


  • A-Vic
    A-Vic Registered Posts: 6,970 Beyond epic contributor 🧙‍♂️
    Deprication is a cost and should treated as such as far as i know,

    Debit the adjustment and the profit and loss account, then credit adjustment and the Balance sheet not 100% but i think thats it.
  • sarahwilson
    sarahwilson Registered Posts: 567 Epic contributor 🐘
    When you deal with depreciation in the ETB you need to make adjustments in 2 accounts. You may find you have to add one or both of them into the ETB.

    In the adjustment columns Debit the Depreciation Expense account and Credit the Provison for depreciation account.
Privacy Policy