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DepreciationWorks® Features

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Fields:

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Sys ID:  sequential identifier

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Asset code:  your identifier

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Location:  business property tax situs

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Division:  top level group for assets 

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Date acquired

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Date in service

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Date retired

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Description

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Cost

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Property type:  assign defaults to property type

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Intangible:  Boolean

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Salvage

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Method

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Useful life

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Property tax category

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GL Cost account:  2nd level group for assets

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GL Accum account

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GL Expense account

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Description 2

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Memo:  unlimited notes field

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Group code:  user assigned groups linked to group table

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Vendor

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Manufacturer

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Serial no

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Mfg web address

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Custodian:  user of asset

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User 1:  user defined field

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Store multiple documents and pictures for each asset

Results:

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Reports generally group by Division and GL Cost account

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On-screen grid views can be grouped and sorted by any field and can be printed or saved

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Depreciation expense distribution by Accum and Expense account for months or for fiscal year

Highlights:

bulletBook depreciation methods:
bulletStraight-line
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Declining balance: 200, 175, 150, 125 (or variable factor) and straight-line rate
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convert to straight-line when optimal

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leave residual at end of useful life

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continue depreciation beyond useful life

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Sum-of-the-years'-digits

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Straight-line over remaining life

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Fixed percentage on declining balance

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Part year conventions:
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Mid-month

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Half year

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Modified half year

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Full year

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More

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Multiple companies, no limit on number of assets per company

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Company divisions and locations

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Unlimited short years

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Enter voluminous assets with spreadsheet import

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Depreciation schedules for current and next year (without closing current year)

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Report that allocates current year annual depreciation by month

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Report that provides year to date GL check figures for cost, accum and expense

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Report that forecasts annual depreciation expense for next ten years for budgets

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Reports include, exclude or only include intangible assets

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Annual and monthly reconciliation reports for cost and accumulated depreciation

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Net book value report

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Business property statement summary both as a report and as a on screen grid view

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Many other useful reports

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Shared calendar for scheduling events for calendar users and for company assets

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Print reports to disk in various file formats, i.e., Adobe Acrobat, Excel, Lotus, HTML, Text, more

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General ledger cost and expense account sorting

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Assign Group codes to assets based on groups you assign in the group table

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Multiple asset retirement

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Print current year additions and retirements by depreciable property type (class type) for your CPA

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Outlook ®  style sidebar menu program navigation

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Current year depreciation schedules display on screen in interactive grid

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On screen grid displays of monthly reconciliations of cost, accum , expense and net book value

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On screen monthly accum account and expense account depreciation summary journal entry

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On screen company consolidation worksheet

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Copy company to new company:  all data or selective data for use as new company template

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Copy assets between companies:  combinations, purchases, split offs and consolidations

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Pivot grids for data mining: both on company and across companies

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Grid views are report writers whose custom settings can be saved and restored

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Add and edit assets in interactive grid

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Use the memo field to write extended notes for any asset

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The Enter key works the way you want:  like a tab key

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Quick fill defaults for fast entry of asset information

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Sort assets on screen for meaningful interactive grid view of asset information

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Group assets on screen, i.e., group by property type to see assets type by type and make any changes in the grid

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Excel ® style filtering for grid views and ability to print asset grids.

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Allows future acquisition and retirement dates and filters such assets out of the current year reports

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Retired asset report groups by retirement date and sorts by general ledger historical cost account for easy journal entry

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Import assets from popular spreadsheet program

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Export assets to popular spreadsheet program

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Transport data between computers running DepreciationWorks

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Backup and restore included

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Database table optimize, verify and repair included

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Data files can be moved to a LAN network drive for concurrent multi user access to common data

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More

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DepreciationWorks is a registered trademark of Charles Wood.  All other products mentioned are registered trademarks or trademarks of their respective companies.

Copyright © 2000 - 2008 Charles Wood.  All rights reserved.