• Straight-line
• Straight-line over remaining life
• Declining balance: 200, 175, 150, 125 (or variable factor) and straight-line rate
• Declining balance options: convert to straight-line, leave residual at end of useful life, continue beyond useful life
• Sum of the years digits
• Fixed percentage on declining balance
• Part year conventions available: mid-month, half year, modified half year, full year, and more
  
  

• Multiple companies; no limit on number of assets per company
• Data files movable to a network drive for concurrent multiple user access to shared data
• Rolling forward to next year accomplished by a simple annual closing
• Context sensitive help file and help information panel for each screen
• Defaults for salvage, depreciation method, life, property tax category, and general ledger accounts
• Quick grid feature for spreadsheet style asset entry
• Grids allow editing assets
• Voluminous assets entry with spreadsheet import
• Multiple asset retirement
• Gain/loss on asset disposals
• Unlimited short years
• Expensed property (below capitalization threshold period costs) tracked separately from assets
• Backup and restore included
• Database table optimize, verify, and repair included
• Transport data between computers running DepreciationWorks
• Shared calendar for scheduling events for fixed assets and personnel
  
  

• Division: top level grouping for assets
• General ledger cost account number: 2nd level grouping for assets
• General ledger accumulated depreciation account number: for journal entries
• General ledger expense account number: for journal entries and departments
• Asset code: your identifier
• System number: automatic sequential identifier
• Description
• Description 2
• Memo: unlimited notes field
• Date acquired
• Date in service
• Date retired: multiple asset retirement supported
• Depreciation method: see depreciation methods below
• Useful life: in years with months entered as a decimal
• Intangible: Boolean
• Cost
• Salvage: optional
• Accumulated depreciation: calculates from any date placed in service to the beginning of the current fiscal year
• Override accumulated depreciation: Boolean
• Current year depreciation: calculated for the current fiscal year
• Override current year depreciation: Boolean
• Monthly depreciation: calculated based on the current fiscal year depreciation amount
• Sales Price
• Selling Expense
• Gain/loss on sale of asset: calculated
• Property type: assign defaults to property type for method, life, salvage, property tax category, and gl accounts
• Property tax category: for business property tax reporting by location
• Location: business property tax location
• Group code: user assigned groups linked to group table
• Vendor
• Manufacturer
• Serial number
• Manufacturer web address
• Custodian: user of asset
• User 1: user defined field
• Store multiple documents and pictures for each asset
• Expensed asset tracking
• Prior year retired asset archive
• Link asset records to calendar to schedule events for assets
  
  

• Reports grouped by division and general ledger cost account with grand totals for all divisions
• Monthly journal entries for accumulated depreciation and depreciation expense accounts
• Book depreciation schedules by month, quarter, and year for the current and next fiscal year
• General ledger reconciliation reports for additions and retirements
• Gain or loss on asset dispositions
• Other reports include net book value, depreciation expense by month, rolling year to date, quarterly expense and four year quarterly expense forecast, ten year depreciation expense forecast, and grouping reports
• Summary and detail reports for additions and retirements by property type for income tax preparers
• Retired assets for prior fiscal years saved to an archive in the database
• Business property tax statement summary as both a report and a grid
• Print reports to disk in various file formats including PDF, Excel®, Word®, and Text
• Grids are similar to reports and can be grouped and sorted by any field, printed or exported
• Grids are visual custom report writers
• On-screen pivot grids, like pivot tables, data mine
• Record of expensed property (period costs, not depreciated)