Fixed Asset Depreciation Software by Star Software
Our Fixed Asset Depreciation software has been designed by C.P.A.'s for use by
C.P.A.’s and small to medium sized businesses. We offer both a single client version for entering depreciation
for one company and a multiple client version if you have more than one company needing asset depreciation.
Each of these versions can be purchased for a single user or for multiple users.
The fundamental principles were to design Fixed Asset Depreciation software
that was very easy to operate, provide for all allowable tax table depreciation methods and many
additional specialized depreciation methods, yet remain flexible enough to allow for adjusting depreciation to
match prior reported depreciation.
One of the main features of our depreciation software is the actual depreciation
of assets. This is done one time for each book and the asset never has to be edited again unless either the
business use for a particular year falls below 100% or you dispose of an asset. Any years depreciation
schedule is available on demand, therefore, any time consuming "annual recalculations or year closings"
are eliminated. Print prior years depreciation schedules at any time by just entering the year to print.
Our fixed asset depreciation software has been in use by C.P.A.'s
and small businesses since 1991. Our reports have been laid out by accounting professionals to provide all
pertinent information in an easy to read, usable format.
Our Asset Information and Depreciation report is one of the most informative reports available and is not
available in other fixed asset depreciation software.
Our depreciation software includes the latest tax revisions regarding the Bonus depreciation deductions
and new Section 179 limits. You can now select "Round" to have all depreciation amounts rounded to the
closest dollar amount.
If your asset information can be provided in an acceptable csv or spreadsheet format, we will do
the asset 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.
Fixed Asset Depreciation standard features include :
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 1st month, exclude 1st 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
Some of our unique depreciation software features include :
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
Assets can be grouped by category or location offering greater flexibilty in reporting
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 adjustments 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.
Our recommended method of entry.
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
Calculation selection methods :
Automatic - the depreciation of an
asset is automatically calculated for all years based on the
method, convention, and life selected. This method uses the
depreciation tables as provided by the I.R.S.
Manual - same as automatic except
that each years percent or depreciation amount can be
manually overridden during entry. This allows for an easy
adjustment to make your depreciation balance with prior years schedules.
Standard depreciation software reports include :
Reports can be printed, previewed on the screen, or exported in either detail or
summary, for the current year, any prior year, or any future
year simply by entering the year desired
Asset information and depreciation provides all detail for any asset
Basic asset listing
Depreciation can be printed for annual, quarterly, or monthly details
Depreciation reports can be either detailed or in summary
Disposal of assets report
Book value report
Basis adjustments report
4562 tax return worksheet
Purchased assets report
Asset listing report
40% Limitation calculation
All reports are date and time stamped
Reports can be exported to either csv text files or Excel® worksheets
Reports can be sorted by category or by location and category
Product Support :
Free technical support for 1st 6 months
Free product updates and/or upgrades for any program or tax changes during 1st 12 months
Annual maintenance provides free technical support and all product updates and/or
upgrades for 1 additional year and must be purchased prior to the expiration of the initial 6 month support period
Asset Information Screen Depreciation Selection Screen Report Selection Screen
Software Versions and Prices
Price includes 6 months of Upgrades and Support
Select version and # of users then click Add To Cart
Annual Maintenance is not required to continue to use the software
but is required for support/updates/upgrades after initial 6 months
Annual Maintenance Renewal (Optional)
Includes Upgrades and Support
(After Initial Period)