Sage 300

To record depreciation

To add a journal entry:

1. Open General Ledger > G/L Transactions > Journal Entry.

2. Beside the Batch field, click the New button.

General Ledger provides the next batch number, and moves to the Batch Description field.

3. Enter a description for the batch.

4. Enter header information for the entry, as follows:

a. Beside the Entry Number field, click the New button. General Ledger inserts the next entry number.

b. Enter a description for the entry.

5. Source code GL JE

Record the journal entries

Line 1 Depreciation

Line 2 Accumulated depreciation Click on SAVE

To reverse the entry

Click on REVERSE button

This will open the Create Reverse Entry window

Click on NEW
It will automatically add REVERSE BATCH to the description

Change entry description to INCORRECT DEPRECIATION AMOUNT POSTED

Click on PROCESS

Close the message and Close the Create Reverse Entry

Go to batch list and Click on POST

The transaction will be reversed

Enter the correct entry