A standard, and extremely useful, feature of Bassets eDepreciation is adjusting accumulated depreciation. This allows the user to match the data that has been imported into eDepreciation with the calculations of the user’s previous fixed asset system. Simply put, the user can move forward with eDepreciation while retaining the prior accumulated amounts that have been booked to the general ledger at the close of the last accounting period. eDrepreciation automatically performs this operation on all incoming assets during a data import to ensure accurate calculations for total depreciation.

Watch this video to learn more.

Questions or comments about this post? We invite you to respond in the space below.

More information about Bassets eDepreciation software can be found at Bassets.net. While there you can set up a demonstration, download a free evaluation copy and get a personalized pricing estimate.