6500 Depreciation Expense
The share of a fixed asset’s cost charged to this period. Booked by the depreciation run, never by hand.
In Solo Superstars
The year-end close (or a manual run on the Fixed assets page) posts one entry per asset here, with the other side in Accumulated Depreciation.
Example
Annual depreciation on a $2,400 desk over 5 years: debit 6500 480, credit 1590 480.
Codes shown are the defaults a new workspace starts with. Yours may be renamed or renumbered — check Accounting › Chart of accounts. See the full default chart.
Also called
- depreciation
Related
- Depreciation — Spreading the cost of a long-lived asset over the years you use it, instead of expensing it all at once.
- 1590 Accumulated Depreciation — The running total of depreciation taken on all fixed assets. A contra asset, so the balance sheet reads cost minus wear.
- Fixed asset — Equipment, vehicles, furniture or property you will use for more than a year. Recorded at cost and depreciated, not expensed.
- Chart of accounts — The list of buckets your money can be sorted into: assets, liabilities, equity, revenue, expenses. New workspaces start with a default set you can rename or extend.
- Default chart — The chart of accounts every new workspace starts with, numbered the way QuickBooks users expect. Yours may have been renamed or extended since.