Zero-Touch Month-End: Automating Depreciation Journal Entries Across Multiple Cost Centers

Tired of the Month-End Spreadsheet Crunch?

In mid-sized to enterprise corporations with thousands of active assets spread across multiple departments, factories, and retail outlets, calculating monthly depreciation is a tedious exercise. Accountants spend days updating formulas, factoring in additions and deletions, and manually typing dozens of journal entries.

Cost Center Attribution

Depreciation for factory machinery belongs in Cost of Goods Sold (COGS), warehouse forklifts in Distribution Expenses, and corporate laptops in Administrative Overhead. Manual tagging frequently introduces posting errors.

Relaso Asset Management Software executes batch depreciation calculations in seconds on the last day of each month, auto-posting debit and credit journal entries to the general ledger segmented by business unit and cost center.