Depreciation Guru

Foreign Currency Conversion of Fixed Assets

dGuru — Thu, 16 May 2013 21:28:08 +0000

Companies primarily enter fixed assets in functional currency, which is the currency used for its principal business. So a U.S. based company would enter most of their assets with U.S. dollars. If they own subsidiaries in other countries than those assets can be entered with a different reporting currency. A currency conversion module would then [...]

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Depreciation Expense of Property, Plant & Equipment

dGuru — Tue, 14 May 2013 16:26:45 +0000

In a recent opinion piece by Michael Evans on CFO World, he gives a very clear description of how companies can improve depreciation of corporate property: A common problem in corporate real estate is when a property comes to the end of its useful life and needs to be sold and there is the dawning [...]

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Bassets eDepreciation – Data Import

dGuru — Thu, 09 May 2013 15:30:19 +0000

The Bassets eDepreciation Data Import Module will easily import your existing fixed asset data. All selected fixed asset records will be imported from either Excel, ASCII text files or other fixed asset software programs. A great feature is our on-screen preview which displays the existing fixed asset data in a simple spreadsheet like grid to [...]

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Excel Spreadsheet Errors Can Be Very Costly

dGuru — Tue, 07 May 2013 18:58:59 +0000

In a recent article published on CNNMoney, Steven Gandel, a writer for Fourtune examines some severe errors in Excel spreadsheets: The popular Microsoft program has been implicated in the financial crisis, Europe’s growth problems, the U.S.’s weak economic recovery, and pretty much everything else. Prominent financial blogger James Kwak calls Excel “one of the greatest, [...]

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Custom Annual Depreciation Report to Meet State Regulations

dGuru — Thu, 02 May 2013 17:52:21 +0000

There are standard fixed asset reports that are run on a monthly basis to track acquisitions, disposals and depreciation expense. Additionally, annual reports are necessary to meet normal year end requirements. But what do you do when a state or other entity requires a custom report? Recently one of our clients faced just such a [...]

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