For accurate depreciation reports you will need to set the depreciation convention you would like to use and indicate the first and last days of your fiscal year. You may choose from Full Year, Half year, or Full Month depreciation conventions.
1) On the left side navigation go to Admin Settings.
2) Select General Settings.
3) Scroll down until you see the section for Fiscal Year start/end and Depreciation Convention. Select your start and end days for your Fiscal Year and choose either Full Year, Half year, or Full Month depreciation convention from the dropdown menu. The click Save.
