Equity Adjustments

 

Equity Adjustments is a CHARGE account which is used to enter Depreciation and other adjustment type entries. This is not a 'standard' account that comes with the program, so if you want to use it you will need to add it. Quick Entry/Open Accounts/Charge to open this account. The account will ALWAYS have a zero balance - so all entries need to contain two items, a plus(+) and a matching negative(-) so the net effect is a zero entry.

 

See Quick Entry/Assets/Depreciate and Split Entry/Depreciation for examples.