Community

Depreciation – what about theft?

ED
2024-10-10

Question

I have an electric bicycle listed under my depreciations, but it was recently stolen. What about the residual value from my depreciation?
I can’t adjust my depreciation myself, so how should I adjust this in Dexxter so that I no longer charge depreciation for a bicycle that is no longer there?
Can I mark it as ‘sold’ with a value of £0, for example?

Sell it to yourself for €0.00 (or €0.01 if €0.00 is not technically possible due to a blocking message or something similar). Just to yourself, so you can still enter a customer. Of course, it doesn't matter, it's just 'as if' to make the accounts balance.

Then Dexxter will immediately stop the residual value of the bicycle from being entered in this year's accounts, as required.

Ah, that's clear! Thank you!

Ask a question
Ask your question to the Dexxter community with over 25.000 sole traders and verified Dexxter experts.

30-day free trial. No credit card required.

You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.

Community

Other questions from the community

Cost category camera equipment

High start-up costs

sponsorship

Entering the purchases and sale of second-hand items

First payment from the company

Hotel expenses shared between colleagues?

company number

Payconic and daily receipts

Unfortunately! Our community is currently only open to people who are starting a trial period on Dexxter

Unfortunately! Our community is currently only open to people who are starting a trial period on Dexxter