DepreciationWorks 2.0.12 Build 1

DepreciationWorks is designed to be an easy-to-use loaded book depreciation software. Sample data is included.

Company set up is routine. Add the company's name and a company code. Then check two global defaults for the company, the declining balance option and the fractional year convention. Select the current fiscal year.

Enter the location(s) for the company. Enter prior short years, if you have any. Enter the company's depreciation related general ledger accounts. Then assign Quick Fill default associations for the different types of depreciable property. The company is set up and you are ready to enter assets.

DepreciationWorks allows you to maintain fixed asset records for as many companies as you want and each company can have as many assets as you want. Already have your assets in another program? DepreciationWorks' asset import utility provides a Microsoft Excel style template to accomplish an import.

Data entry is simplified when you use the Quick Fill tables. With Quick Fill tables, you assign defaults to each type of property. Then when you add an asset those defaults are automatically assigned to it.

Enter a description, an acquisition date, and the cost for an asset. Then select the property type from a drop down lookup. The date in service, salvage, depreciation method, life, property tax category, and general ledger accounts for the asset are entered for you. And you can choose to override the defaults for any particular asset.

Data can be entered and edited in the grid displays. Ever been frustrated by a program that lets you only view information in a grid? Ever clicked your mouse to try and access data displayed in a grid only to find that it isn't allowed? It is allowed in DepreciationWorks' fully functional interactive grids. You can cut, copy, and paste in the grids as well. DepreciationWorks gives the user spreadsheet like flexibility and the safeguards of a database.

Optional fields are available if you have the time. You can track assets by their location, by division, by custodian, by manufacturer, by vendor. There is a serial number field, an additional description field, and a user defined field. You can even enter the manufacturer's web site address, click it, and go right to their Internet web site. You can also enter an extended memo or note for each asset that isn't limited in length. You can also assign assets to groups that you set up in the Company Groups Table.

Departments are available by virtue of DepreciationWorks' inclusion of your general ledger account information. Your balance sheet isn't departmental, but your profit and loss statement is? Not a problem. Each asset can be associated with any of your general ledger expense accounts. And there is a special depreciation schedule that sorts each cost account's assets in expense account order, with subtotals for cost, prior depreciation, and depreciation expense.

View your results instantly on your screen. Several grid views display your depreciation schedule live, complete with general ledger account totals and grand totals. On screen reconciliations show additions and retirements by general ledger account, with cost and accumulated depreciation amounts, for both annual and monthly periods. No need to print in order to tie out your work. And of course you can view your results via print preview or on paper.

Need to print out next year's depreciation schedule? DepreciationWorks lets you. Your next year's budget or forecast anticipates future fixed asset acquisitions? Enter them this year with next year's date. DepreciationWorks includes them in the next year depreciation schedule, while excluding them from current year schedules. Fixed asset retirements anticipated as well? Future retirement dates are allowed without affecting the current year totals.

Sort your assets on screen. DepreciationWorks includes interactive grid views of your data. Click on a column header to sort by that column. Click that column again and the sort order reverses. Group your assets by column heading. Drag a column to the group band at the top of the grid. See what happens. Drag a column back. You can't hurt it. And the original layout is restored each time you run DepreciationWorks. Grouping in a grid means that your asset records are presented to you meaningfully on screen, rather than just in the order you entered them. Interactive means you can do more than just look at your assets in a grid: you can add and edit them too.

Filter your assets on screen. Use filtering to set criteria to exclude records from the grid view. For example you can filter the date in service column to include in the view only assets placed in service in a particular year. The grids can also be printed and has a built in report editor that lets you tailor the report For example, the report editor allows you to change the page orientation, page size, fonts, and other properties of the printed page. If there are columns that you don't need to display and print and there isn't room on paper for those columns, then you can hide columns and make more room for the columns that you do want to appear on the printed page.

Export your assets using the grid views, or export your assets to a text file from the Tools menu. Its your data and DepreciationWorks gives you independent access to it. The Tools menu item on DepreciationWorks' main menu brings up a dialog that saves your data to a text file.

Transport company assets, information, and global data between work and home, or between your computer and a client's computer that also runs DepreciationWorks. Use the CompanyTransfer feature to send a company's data to a target folder. Then copy the contents of the target folder to a comparable folder on another computer. Launch DepreciationWorks on the other computer and transfer the company in. The process updates and appends your company's assets, information, and global data on the other computer.

Backup your data. DepreciationWorks includes database backup and restore operations for you to use as a supplement to your normal backup routine. International users will appreciate that the date edit and display format is determined by the Windows control panel regional settings.

Limitations:

· 30 days trial
· Nag screen