This article will provide an overview of how best to set up a QS report in Class to efficiently record the depreciation each year, when you don't have the assets split out in an excel or csv file.
If you already have all the assets from the QS report detailed in an excel or csv you should refer to the article Importing Depreciation Worksheet from csv Template.
Navigate to Fund Level > Investments > Depreciation Worksheet > New Fixed Asset
The shortcut method to set up a QS report as part of the Depreciation Worksheet is to only create three assets in the schedule.
| Asset Type | Depreciation Type | Depreciation Method | Annual Requirement |
| Non-depreciable component e.g Land | Not Applicable | Not Applicable | None |
| Div 40 Capital Allowance pool e.g Furniture & Fittings | Capital Allowance | Manual Depreciation Override | Enter the Manual depreciation in the Decline in value field each year |
| Div 43 Capital works e.g. Building | Capital Works Deduction | Prime Cost | Automatically calculated by Class |
Once the Depreciation Worksheet has been created, there should be a nil Residual Book cost amount, as displayed below.
What's Next?
Learn how to Rollover Over Depreciation Worksheets Between Years