Hi Colleen, Yes you can add a depreciation transaction to each item of Equipment. I have developed Financial Statements for the EQ Equipment module that bring together Income, Variable and Fixed costs and Profit into a Profit Statement format. You can look at the Profit Statement for one or more items of equipment side by side. You can group items of equipment into sub groups (dozers, graders etc) and compare profitability by group as well.

Thank you for your help...Can this entry be an automatic monthly entry or do we have to do them manually every month? 

Hi Colleen, Yes in a way.There is no task in EQ that allows you to set up a standing journal as there is in GL. But there is a function in EQ called Import Entries. So your best approach is to set up a spreadsheet and have all of your EQ items listed with a depreciation amount for each. The spreadsheet can be exported as a csv file each month and then imported into EQ. You can do this for all of your Expenses such as Leasing, Fuel, Repairs etc. to build up a better Profit Statement story for each item.

Hi Colleen, Yes in a way.There is no task in EQ that allows you to set up a standing journal as there is in GL. But there is a function in EQ called Import Entries. So your best approach is to set up a spreadsheet and have all of your EQ items listed with a depreciation amount for each. The spreadsheet can be exported as a csv file each month and then imported into EQ. You can do this for all of your Expenses such as Leasing, Fuel, Repairs etc. to build up a better Profit Statement story for each item.

Thank you.  I was looking at doing this but I don't have the version of Excel that has the add-in inquirery that seens to be needed.  Can you point me in the right direction on how to do this without that or is it possible?  Also will doing this apply it directly to the equipment?

Thank you for your help.