If you use equipment, set the equipment parameters.
Steps
Go to Project management and accounting > Setup > Advanced project management > Advanced project management parameters.
Click the Equipment tab.
In the Equipment revenue journal name field, enter or select a value.
In the Journal - Equipment field, enter or select a value.
In the Default category - Equipment field, enter or select a value.
In the Equipment revenue category field, enter or select a value.
In the Equipment revenue line property field, enter or select a value.
In the Default resource field, enter or select a value.
Select Yes in the Post depreciation field.
In the Depreciation journal name field, enter or select a value.
In the Depreciation category id field, enter or select a value.
Close the page.
Go to Default dashboard.