Provision for depriciation

If you are making monthly statements (ie, P&L A/c and B/S) to find the exact net profit, then you can provide the depreciation monthly.

Regards,

Devendra

As rightly said by Devendra, if you r preparing monthly statements, provision for depreciation to be considered. In case of Companies, every month end, before the GL closure, depreciaion run will take place in the system to account for the respective month's depreciation.