Fixed Asset Depreciation Screens

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(US Only)

If your asset information can be provided in an acceptable csv or spreadsheet format, we will do your setup and depreciation for you.  We reserve the right to limit the number of companies we will set up for those purchasing the multiple client version.  We do not charge for this service for our customers.

• Multiple client version supports over 45,000 clients/companies
• Up to 999,999 assets per company
• Provides for GAAP/book, tax, alternative, ACE, and one other depreciation set of books
• We use all available IRS tables for our tax calculations, not mathematical formulas
• Includes all ACRS and MACRS methods
• Includes 30% and 50% bonus depreciation for recently acquired assets
• Includes luxury automobile and clean-fuel vehicle limits plus bonus depreciation on recently acquired vehicles
• Includes Section 179 deduction limits
• Includes straight line, sum-of-the-years-digits, amortization, and non-depreciating assets
• Includes 150% and 200% declining balance that switches to straight line
• Includes mid-month, mid-quarter, and half-year MACRS conventions
• Includes exact days, include 1^st month, exclude 1^st month, and mid-month calculations for straight line, amortization, and sum-of-the-years-digits methods of depreciation
• On demand reporting for any year including all prior years schedules and any future years schedule without any additional calculations
• Track asset serial numbers, the location of the asset, the department or person the asset is assigned to

• Our depreciation grid allows continual viewing of all years of depreciation for each asset and for each depreciation book instantly
• Categories are dynamically created as each new category is entered when adding an asset
• After depreciating an asset, the depreciation percent or amount can be adjusted for any year, in any book, to change any entry which allows for the exact matching of a clients prior depreciation schedules
• Business use percent can be adjusted for any year and any book. All years are maintained and are visible on the asset screen for reviewing
• Supports separate amounts for salvage value, Section 179 deductions, Investment Tax Credit, and old regulation basis and other adjustments
• The asset information and depreciation report lists the asset information, all basis adjustments, and the complete yearly depreciation detail for all depreciation books
• Incorrect depreciation can be easily deleted and the asset depreciated again
• Our enhanced screen for depreciation guides you to the appropriate conventions and life based on each prior selection
• Changes in salvage value, section 179, or any other basis adjustment can be made by easily deleting the depreciation for the appropriate book and re-depreciating the asset

Asset entry flexibility :

    Depreciation entry selection methods include :

• No prior depreciation – normal method of depreciating an asset. This will depreciate the asset for every year of its useful life
• Partially depreciated asset – used when you are matching a clients old depreciation and you do not need all prior years of detail. A starting prior depreciation amount is entered and then the asset is depreciated for the balance of its useful life
• Fully depreciated – used when an old asset is entered and you do not need the prior years of detail

• Automatic – the depreciation of an asset is automatically calculated for all years based on the method, convention, life selected
• Manual – same as automatic except that each years percent or depreciation amount can be manually overridden during entry

Standard reports include :

[Random Sample Generator] [Loan Amortization] [Loan Tracker] [MaterialityCalculator]