Why is Fixed Assets calculating depreciation but not auto-posting entries to the GL in my QuickBooks Advanced company file?

Hi there, Mirjana. In QuickBooks Online Advanced, the Fixed Assets feature can calculate depreciation for your assets, but it doesn’t automatically post those amounts to the general ledger. The system provides the calculation, and you’ll need to record the depreciation manually using journal entries.

Since calculating and recording depreciation can vary depending on your accounting method, it’s a good idea to work with your accountant to ensure everything is set up and recorded correctly.

Recording depreciation manually ensures your financial statements accurately reflect asset values while staying aligned with proper accounting practices.

You can refer to this article for additional details: Depreciate assets in QuickBooks Online. It explains how depreciation is handled and how to record it in your books.

If you have any questions, feel free to reply in this thread.