Depreciation Calculation Software
Calculate, Manage,
Track and Report
Fixed Asset Depreciation
CenterPoint Depreciation calculation software provides small to medium sized municipalities all of the tools they need accurately track and report depreciation on all of their fixed assets. This depreciation schedule software is flexible enough to accommodate most any situation.
Like Diversified Billing and CenterPoint Fund Accounting, Payroll, Purchase Orders and Permits, CenterPoint Depreciation, this tax depreciation software is available as a Cloud-based subscription service or as a traditionally licensed software system for your LAN. Our software for tax depreciation can be tailored to fit your needs.
See How CenterPoint’s Fixed Asset Depreciation Software Can Streamline Your Operation
Depreciation Highlights
Complete Fixed Asset Depreciation System
See How Fixed Assets Impact Financial Statements
Easily Manage Multiple Quantity Fixed Assets
Includes All Applicable IRS Tax Form Worksheets
Show Accurate Asset Values on Financial Statements
Key Features
System Functionality
| Description |
|---|
| Project depreciation through the life of an asset. |
| Handle trades and disposals of fixed assets, including sales by quantity (make asset dispositions by quantity). For example, buy ten of the same assets, and sell only one or more of the quantity. |
| Historical and current depreciation methods. |
| Standalone accounting depreciation calculator, or integrates seamlessly with CenterPoint Fund Accounting software. |
| Track depreciation expense by location or production center, and profit center. |
| Track an unlimited number of fixed assets. |
| Asset depreciation can be recorded, stored, and calculated for assistance with income tax returns and for help planning future asset purchases. |
| Produce all listed property and luxury auto calculations and limitations. |
| Stay current with depreciation tax law changes through ongoing updates. |
| Keep track of necessary information for your fixed assets such as serial number, creditor, service date and quantity. |
Reports
| Description |
|---|
| Generates reports that help you complete your depreciation related tax forms including IRS Forms: 4562 – Depreciation and Amortization, 4797 – Sales of Business Property, and 8824 – Like-Kind Exchanges. |
| Management schedules for accrual reports. |
| Choose from a wide selection of standard reports or customize the standard reports. |
Depreciation Schedules
| Description |
|---|
| Management schedules for accrual reports. |
| Calculate depreciation for multiple schedules on one asset: book, Federal, State, or Alternative Minimum Tax (AMT) etc. |
| Multi-year depreciation projection report to help make asset purchase decisions that maximize tax benefits. |
| Produces one year schedule with subtotals for asset categories and totals for current depreciation for the year. The calculations for all assets and the accumulated depreciation will help determine if adjustments to Section 179 expensing, SDA (Special Depreciation Allowance) or depreciation methods are required before completing your 4562 tax form. |
| Print a professional quality depreciation schedule. |
| Multiple depreciation schedules that are stored on each individual asset simultaneously. |
| Choose which schedule CenterPoint Accounting uses to adjust values. (For those using CenterPoint Accounting only.) |
Tax Forms
| Description |
|---|
| Create and print tax worksheet reports for all IRS tax forms including: 4562 – Depreciation and Amortization, 4797 – Sales of Business Property, and 8824 – Like-Kind Exchanges. |
| Automatically calculate tax preference amounts, prior-year depreciation, and gains and losses on asset sales. |
| Tracks yearly SDA and Section 179 limits. |
| Process compliance tests for Section 179 expense limitations, mid-quarter and half-year conventions, consistent SDA, listed property, SDA and others. |
| Tax schedules for your income taxes. |
Screenshots
Maintain a record of every fixed asset in your organization along with depreciation schedules.
Monitor valuation changes for every fixed asset in your organization.
Project depreciation over the next 5 years.
Track like-kind asset exchanges.
Calculate alternative minimum tax depreciation and compare to standard depreciation.
