How do I account for Depreciation in LedgerSMB?

Submitted by Chris Travers on

This content is outdated and kept here for reference only!

NOTE: LedgerSMB has a Fixed assets module as of 1.3. The FAQ below is out-dated.

LedgerSMB does not have a built-in assett tracking / depreciation feature. Depreciation can be managed manually using General Ledger Transactions. You should probably confirm this with your accountant, but the basic procedure (kindly suggested by Tony Fraser) is, assuming a computer asset over 5 years:

I'm not an accountant, how do I learn how to keep my books?

Submitted by Anonymous (not verified) on

Quite a few users find some of the terminology and accounting processes a little confusing at first. Some of the more popular small business accounting packages tend to hide these aspects of book-keeping from users for simplicity, so with the current user interface there is often some new ideas to grasp.

First step is the manual - the LedgerSMB manual is free and highly recommended reading.

LedgerSMB 1.2.2 released

Submitted by Chris Travers on

What has been fixed (since 1.2.0):
1) Backups created from the user interface were sending out blank backups.
2) Sales tax was selecting the wrong acounts for invoices and printing.
3) Data entry screens were showing incorrect amounts for sales tax.
4) Logos were not printing.
5) Data update script was not using correct password.
6) Account deletion was giving a database error
7) Some 1.2.1 users were unable to log in after upgrading

All the above items have been corrected

LedgerSMB 1.2.1 released

Submitted by Chris Travers on

LedgerSMB 1.2.1 has been released. This release corrects a very
serious bug in the new sales tax system and all users who collect
sales tax are advised to upgrade as soon as absolutely possible. We
have also fixed the following more minor issues:

1) Backups from LedgerSMB's interface were not working.
2) Logos were not printing on invoices.
3) A few other assorted and minor bugs.

1.2.0 Released

Submitted by Chris Travers on

1.2.0 has been released today. It includes a large number of security and data integrity enhancements, replication support, and more. This release marks a major milestone for LedgerSMB, and has some implications for those upgrading from SQL-Ledger.
Read on for Chris' release notes...

From: "Chris Travers"
To: Ledger-smb-users
Date: Thu 05/04/07 16:23:56 +1000

Hi all;

I thought it might be a good time to send out the changelog for 1.2.0.

1.1.12 released

Submitted by Chris Travers on

This release fixes two serious bugs in 1.1.11:
1) Unable to generate sales orders from timecards
2) Installation overwriting user authentication data.

It is the preferred upgrade over 1.1.10.

Best Wishes,
Chris Travers

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