In Metro, you can create a depreciation schedule using the Accounting Module. Here's a step-by-step guide for both Straight-Line and Manual depreciation methods.

1) Go to the "Accoiunting" module by clicking on its icon in the main dashboard or using the application menu.

View Accounting Dashboard

2) Go to Accounting > Accounting > Assets.


3) View Assets Dashboard.

4) ​Click on "Create" Button to add a new asset.

Main Asset Information Section:

Asset Name: Placeholder text suggests entering an asset name like "Laptop iBook."

Asset Category: Dropdown menu to select the asset category (e.g., IT Equipment, Vehicles, Furniture).

Reference: Custom reference number for the asset.

Date: The date when the asset is acquired (set to 12/02/2025 in the screenshot).

Depreciation Dates: Choose one Straight Line or Manual. Set to Manual, meaning depreciation will be entered manually instead of an automatic schedule.

First Depreciation Date: The first date when depreciation is applied.

 

5) Configure Depreciation Methods

Straight-Line Method

Select Straight Line under the Depreciation Method field.

Define:

Duration (Months or Years): Total period for depreciation.

Final Residual Value: Remaining value after full depreciation.

Metro will automatically calculate equal periodic depreciation amounts.

Manual Depreciation

Select Manual as the method.

Save the asset.

Click on Compute Depreciation. Calculates depreciation based on the provided details.

Adjust the depreciation schedule as needed.

Click Post Entries for each period manually.

6) Validate & Post Depreciation Entries

Metrowill create draft journal entries for depreciation.

You can review these under Accounting > Journal Entries.

Once verified, click Post Entries to record them officially.

Actions:

Buttons: Save: Saves the asset record.

Discard: Cancels changes made to the form.

Confirm: Confirms the asset, marking it as active for depreciation.

Compute Depreciation: Calculates depreciation based on the provided details.

To get more details to create a depreciation schedule (including straight line/manual) in Metro ERP, please do contact us at support@metrogroup.solutions