DepreciationWorks

DepreciationWorks is a database program designed to facilitate the management of fixed assets and financial statement depreciation. According to the vendor, this software is targeted at businesses, nonprofits, and governmental organizations of all sizes, and caters to a wide range of professions and industries, including accountants, financial analysts, asset managers, tax preparers, and manufacturing companies.

Key Features

Database Integrity and Spreadsheet-like Ease of Use: According to the vendor, DepreciationWorks ensures the integrity of data related to fixed assets and financial statement depreciation, offering a user-friendly interface that resembles a spreadsheet for easy data entry and management.

Installation and Data Access: The vendor claims that this program can be easily installed on local computers and allows access to data files from any visible folder in Windows Explorer, including network hard drives, without the need for additional software or services on the server.

Book Depreciation Computations, Journal Entries, Schedules, and Reports: DepreciationWorks provides features for accurate book depreciation computations, generating journal entries, creating schedules, and producing reports, enabling efficient tracking and management of fixed assets.

Audit Trail and Reconciliation: According to the vendor, DepreciationWorks offers an audit trail feature that allows users to track changes and maintain a clear record of fixed asset activities. It also serves as a subsidiary ledger for fixed assets, reconciling to the books.

Calendar Module for Asset Scheduling: The vendor states that the inclusion of a calendar module allows users to schedule and manage asset warranties, maintenance, and other events. Recurring events can be set up, and users can view Gantt charts for better asset management.

Unlimited Companies and Assets: DepreciationWorks supports an unlimited number of companies and assets, providing scalability and flexibility to businesses of all sizes, according to the vendor.

Easy Data Entry in Grids: According to the vendor, users can conveniently enter data directly in grids, similar to a spreadsheet, making the data entry process intuitive and efficient.

Monthly Journal Entries and Reconciliation: The vendor claims that DepreciationWorks allows users to print monthly journal entries directly from the program and offers on-screen reconciliation to general ledger control account totals or reconciliation through reports.

Custom Reports and Exporting Options: According to the vendor, DepreciationWorks allows users to visually prepare custom reports from printable on-screen grids and export any report or on-screen grid to various file formats for further analysis or sharing.