Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
You can maximize your tax benefits by accurately depreciating fixed assets. You can view the impact of fixed assets on your financial statements to ensure a clear financial picture. Handle the sale and disposition of fixed assets. You could buy ten identical assets and then sell one or more. You can easily set up client templates to ensure that you only have to enter the same general ledger account numbers or categories once. Asset depreciation can easily be recorded, stored and calculated to assist with income tax returns. Either a standalone system or integrated seamlessly with CenterPoint Accounting software. Management schedules for accrual reporting.
Description
DepreciationWorks serves as a valuable resource for businesses, nonprofits, and government entities by managing depreciation calculations, schedules, financial reporting, and fixed asset management. It can be installed on local machines and has the capability to access data files from any visible folder in Windows Explorer, even across network drives. There’s no need for additional software or services to be installed on the server, enhancing its accessibility. This tool offers an audit trail, aligns with accounting records, and functions as a subsidiary ledger specifically for fixed assets. Additionally, it features a calendar module that allows for the scheduling of asset warranties and maintenance tasks, which can include recurring events and Gantt chart views. Users can manage an unlimited number of companies and assets simultaneously. The advantages of using DepreciationWorks far surpass those of traditional spreadsheets. Moreover, it simplifies operations more effectively than either Excel® or standalone tax depreciation applications, making it an ideal choice for organizations of all sizes. With its comprehensive features, DepreciationWorks streamlines the complexities associated with asset management, ensuring accuracy and efficiency in financial oversight.
API Access
Has API
No
API Access
Has API
No
Integrations
CenterPoint Accounting
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
$389 one-time payment
Free Trial
Yes
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
Yes
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
No
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
Yes
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
Red Wing Software
Founded
1979
Country
United States
Website
www.redwingsoftware.com
Vendor Details
Company Name
DepreciationWorks
Website
www.depreciationworks.com
Product Features
Fixed Asset Management
Asset Budgeting
No
Asset Lifecycle Management
Yes
Audit Trail
Yes
Barcoding / RFID
No
Depreciation Management
Yes
Disposal Management
Yes
Document Management
No
Inventory Tracking
Yes
Tax Management
Yes
Product Features
Fixed Asset Management
Asset Budgeting
No
Asset Lifecycle Management
No
Audit Trail
Yes
Barcoding / RFID
No
Depreciation Management
Yes
Disposal Management
Yes
Document Management
Yes
Inventory Tracking
No
Tax Management
No