1. The amortization table
From here, you can access your client’s amortisation table.
By clicking on an asset, you can mark it as:
Broken or lost
Sold
Via the three dots, you can:
View the linked expense
Delete the asset if needed
2. Editing the amortization table for your clients
As an expert accountant, you now have the ability to modify the depreciation table of your clients directly in Accountable. This gives you more flexibility to align your clients' bookkeeping with their fiscal reality.
You can:
Adjust depreciation amounts for one or more years
Remove specific years from the depreciation schedule
Correct historical entries that were booked incorrectly
Why this is useful
Accountable works with linear depreciation. This means that when an invoice for an asset is encoded and depreciation continues automatically, the calculated figures don't always align with depreciation that has already been applied elsewhere.
A common example: an accountant has been keeping the depreciation table for an asset in their own system, and now wants to continue managing it in Accountable. When the asset is added in Accountable, the linear calculation generates a depreciation schedule that doesn't match the figures already recorded in the accountant's own system.
Previously, this required workarounds. Now, you can simply edit the depreciation table directly in Accountable to match the figures from your own records, so everything stays consistent across both systems.
Other situations where this is useful
An asset was originally booked with the wrong depreciation period
The depreciation amount needs to be adjusted due to a revision of the asset's value or use
A year needs to be removed (for example, in case of early disposal, sale, or reclassification of the asset)
How to access it
Open your client's account
Go to the Amortization section
Click on the asset you wish to modify
Click on the three dots (⋮) next to the year you want to edit
Select Edit and make the necessary adjustments
⚠️ Any modification you make is reflected in your client's accounting and will impact their tax reporting. Make sure your adjustments are well documented and supported by the underlying invoices or contracts, so they remain defensible in case of a tax audit. |