SL Depreciation     

In today's demanding business climate, asset managers and accountants need to know the cost and current book value of the assets they manage. Historical costs need to be easily assigned and depreciation calculated on demand. Moreover, reports should address an infinite combination of financial and non-financial information in order to satisfy a broad spectrum of requirements.

AssetWIN®'s SL Depreciation module adds the convenience of a fully integrated, straight-line depreciation system to its core application, asset management. Designed as a complete solution, any organization using straight-line depreciation, public entities struggling to comply with GASB 34/35, or departments requiring supplementary information will benefit. Plus, the AssetWIN® SL Depreciation module supports MS Access, SQL Server, or Oracle database environments.

The AssetWIN® SL Depreciation Module provides the ability to:

• Begin depreciating an asset the month of receipt.
• Add depreciation related fields either individually or through global default values.
• Calculate straight-line depreciation (SL) on a monthly, quarterly or annual basis.
• Review all transaction activity in the AssetWIN History table, which updates automatically with each transaction.
• Generate monthly journal entries.
• Select a wide range of standard reports and develop custom reports through the AssetWIN® Report Writer.
• Define separate password protection and user rights to depreciation data.

Powerful, yet easy to use, AssetWIN®'s SL Depreciation Module eliminates redundant data entry and the complexities associated with spreadsheet methods. Plus, its interface into barcode technology automates all tasks required to maintain a timely, fixed asset inventory.

Taxed Based Depreciation
For those who need a taxed based depreciation system, Asset Systems partners with BNA Software. To learn more about the BNA Fixed Asset Depreciation System please visit their website at www.bnasoftware.com