DepreciationWorks is an asset database program to maintain depreciation that is feature loaded. It is a desk top book (GAAP) depreciation software solution that is

simple to use. Its price is $349. Written for accountants, bookkeepers, for business owners, small businesses, for larger concerns, each of whom has the need forbook depreciation computations, depreciation schedules, and asset management. It supports straight-line, declining balance, double declining balance, 175DB, 150DB,125DB, sum-of-the-years'-digits, straight-line over remaining life, and constant rate on a declining base depreciation methods. Short years are supported, partyear convention options are fully covered, as is straight-line conversion on the declining balance methods. And DepreciationWorks is grounded solidly in your generalledger, set of books, and company fiscal year.
It includes a database pivot table for on screen visual multi-dimensional fixed asset data analysis. Included also is amulti user calendar module for scheduling events for people and for assets.
Voluminous assets can be added using spreadsheet import.
To tax professionals: Buying atax depreciation enabled fixed asset program is a costly redundancy because your income tax preparation software does income tax depreciation. Instead, keep assetdetail in DepreciationWorks and enter summary cost totals into your tax software.
Network: Note that the DepreciationWorks Data folder can be moved from your localdrive to a LAN network drive and is a multi user application that allows concurrent use with record locking.
Concepts and Rationale: Many of us are responsible forcomputing depreciation expense and for recording it to the general ledger, while at the same time are not responsible for maintaining income tax basis depreciationschedules.
Other programs are available that include tax depreciation methods. Such programs are consequently more complex, including what may to you be theunnecessary overhead (and headache) of tax methods.
Excel and Access solutions can be error prone, and are difficult for a developer to support through versionchanges over which a developer has no control. And writing an application "within an application" means less flexibility, confinement, and some loss ofcreative autonomy for the developer and the user.
The depreciation software module that may be available for your integrated accounting software package usuallyincludes tax depreciation methods that you may not need or want. Those modules are expensive, may not be well documented, may not be worth the investment of the timenecessary to learn how to use, and may have limited and hard to generate reports.
You may want income tax methods so as to have total control, or autonomy, in thefixed asset area. Yet your outside CPA does your tax return, and does it with software that includes tax depreciation functionality. DepreciationWorks includes auseful report that sorts your fixed assets by property type, making it easy and efficient for your outside CPA to continue to take care of the income tax aspects. Your CPA gets the data needed to prepare a return, and you get the advantage of maintaining control over your fixed asset database and the specifics that are of utmostimportance to you.
Income Tax Depreciation: DepreciationWorks does not calculate depreciation for income tax purposes. Other depreciation programs do and are moreexpensive, both initially and for every year you own one. For many, owning an income tax depreciation enabled fixed asset program is an expensive redundancy becauseincome tax preparation software also owned does income tax depreciation calculations.
DepreciationWorks includes a Property Type field that can be assigned to eachasset. Income tax methods are primarily a function of a property's class type. Property types in DepreciationWorks can be set up to equate to class types. DepreciationWorks includes reporting on assets placed in service or retired by property type for each month of a company's fiscal year. Property type totals bymonth in service can be entered into income tax preparation software in order to minimize duplicative data entry.
Plus much more.
System Requirements:
Windows 98SE orgreater (for Vista it should be Vista service pack 1)
Any machine that will run those operating systems will run DepreciationWorks.
Windows 2000, XP
600 MHz 32 bit(x86)
512 MB RAM of system memory
Super VGA (800×600)
Windows Vista 1 GHz 32 bit (x86), 512MB RAM of system memory, Super VGA (800×600).
Tested on Windows 7Compatible.
Program is full version 100% working and tested.
Virus Scanned
Installation Instructions Included.
More Info

http://www.depreciationworks.com/

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