 | Book depreciation methods:
 | Straight-line |
 |
Declining
balance: 200, 175, 150, 125 (or variable factor) and straight-line rate
 |
convert to
straight-line when optimal |
 |
leave
residual at end of useful life |
 |
continue
depreciation beyond useful life |
|
 |
Sum-of-the-years'-digits |
 |
Straight-line
over remaining life |
 |
Fixed
percentage on declining balance |
|
 |
Part year
conventions:
 |
Mid-month |
 |
Half year |
 |
Modified half
year |
 |
Full year |
 |
More |
|
 |
Multiple companies,
no limit on number of assets per company |
 |
Company divisions
and locations |
 |
Unlimited short
years |
 |
Enter voluminous assets with
spreadsheet import |
 | Depreciation
schedules for current and next year (without closing current year) |
 | Report that
allocates current year annual depreciation by month |
 | Report that
provides year to date GL check figures for cost, accum and expense |
 | Report that
forecasts annual depreciation expense for next ten years for budgets |
 |
Reports include, exclude or
only include intangible assets |
 | Annual and
monthly
reconciliation reports for cost and accumulated depreciation |
 | Net book value
report |
 |
Business property
statement summary both as a report and as a on screen grid view |
 | Many other useful
reports |
 |
Shared calendar for
scheduling events for calendar users and for company assets |
 | Print reports to
disk in various file formats, i.e., Adobe Acrobat, Excel, Lotus, HTML, Text,
more |
 |
General ledger
cost and expense account sorting |
 | Assign Group
codes to assets based on groups you assign in the group table |
 |
Multiple asset
retirement |
 |
Print current year
additions and retirements by depreciable property type (class type) for your
CPA |
 | Outlook ®
style sidebar menu program navigation |
 |
Current year
depreciation schedules display on screen in interactive grid |
 |
On screen grid displays of
monthly reconciliations of cost, accum , expense and net book value |
 |
On screen monthly accum
account and expense account depreciation summary journal entry |
 |
On screen company
consolidation worksheet |
 |
Copy company to new company:
all data or selective data for use as new company template |
 |
Copy assets between
companies: combinations, purchases, split offs and consolidations |
 |
Pivot grids for data mining:
both on company and across companies |
 |
Grid views are report
writers whose custom settings can be saved and restored |
 |
Add and edit
assets in interactive grid |
 | Use the memo
field to write extended notes for any asset |
 |
The Enter key works the
way you want: like a tab key |
 |
Quick fill
defaults for fast entry of asset information |
 |
Sort assets on
screen for meaningful interactive grid view of asset information |
 |
Group assets on
screen, i.e., group by property type to see assets type by type and make any
changes in the grid |
 | Excel ® style
filtering for grid views and ability to print asset grids. |
 | Allows future
acquisition and retirement dates and filters such assets out of the current
year reports |
 |
Retired asset
report groups by retirement date and sorts by general ledger historical cost
account for easy journal entry |
 | Import assets from
popular spreadsheet program |
 | Export assets to
popular spreadsheet program |
 |
Transport data
between computers running DepreciationWorks |
 | Backup and
restore included |
 | Database table
optimize, verify and repair included |
 | Data files can be
moved to a LAN network drive for concurrent multi user access to common data |
 | More |