Guidelines on the difference between recorded depreciation and manual depreciation in Qoyod accounting software.
1. Recorded Depreciation:
- Definition: It is calculated automatically based on the method selected when adding the asset (straight-line depreciation method).
- Calculation Method: It is based on built-in system criteria such as the useful life of the asset and salvage value. The system calculates the depreciation value based on these criteria periodically (daily, monthly, or annually).
2. Manual Depreciation:
- Definition: It is a type of depreciation that is entered manually by the accountant or user.
- Calculation Method: The depreciation value is entered manually in each accounting period as the accountant deems appropriate. This method can be used when the company wishes to adjust the calculated depreciation value for specific reasons (such as adjustment due to unexpected events).
