So long as you remember to put ALL expenses in then yes it does your accounts, but it asks "have you spent money today?" well you wont spend money on depreciation but it is a tax deductible figure so just bear in mind that although your business expenses will be in george if you are disciplined enough to put them in, you will still have to remember all the other things, only so you can get away with as much tax as possible (legally anyway
But yeah george is great, i love it, and pocketgeorge is cool too, and if you get a cheap palm for it they have a little expense programme that i write my expenses in while im out and then type into george when i get home so nothing gets forgotten:)