Depreciation Software designed especially for C.P.A.'s and small businesses

• 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
• NEW FEATURE - Save default settings for up to 5 types of depreciation to use when desired
• We use the published IRS tables for our tax calculations, not mathematical formulas
• Includes all MACRS and ACRS methods
• Includes luxury automobile and clean-fuel vehicle limits plus bonus depreciation on recently acquired vehicles
• Includes Section 179 deduction limits
• Includes mid-month, mid-quarter, and half-year MACRS conventions
• Includes exact days, include 1^st month, exclude 1^st month, mid-month, and half-year calculations for straight line
• 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
• General Ledger asset, expense, accumulated depreciation account setup and reports
• Property tax report for designated assets

• Depreciation can be entered manually allowing for matching any previous depreciation taken
• 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
• Locations are dynamically created as each new location 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

  Depreciation method options :

• 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 accumulated 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

  Depreciation calculation options :

• 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 depreciation amount or percent can be manually overridden during entry.  This allows for easy adjustments to make your depreciation match previous depreciation schedules.

• Depreciation Schedule
     Annual, quarterly, or monthly
     Details or in summary
• Asset Dispositions
• Book Values
• Basis Adjustment & Sec. 179
• 4562 Worksheet
• Purchased Assets
• Asset Listing
• 40% Limitation Calculation
• Deferred Taxes
• Reports can be grouped by category or by location and category
• 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
• Reports can be exported to either csv text files or Excel^® worksheets
• All reports are date and time stamped

• Free technical support during the 1st 6 months
• Free product updates and/or upgrades for any program or tax changes during 1st 6 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
• 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.