Depreciation Schedules System

Amortization and Depreciation Schedules System

All the Tools You Need to Manage Your Fixed Assets

Amortization and Depreciation Schedules System for the IBM System i or PC Network is a total fixed asset solution.

Mastery Support has been a leader in the IBM mid-range market since it’s inception in 1975.

This release is rich in new asset management features. With the new release, we have greatly expanded the amount of management information for fixed assets.

Fast Setup, Fast Data Entry

You’ll be up and running fast. Our data entry screens make it easy for you to enter asset information. You have instant access to our on-line manual which incorporates cursor-sensitive HELP. If you’re not sure what to enter in a field, just position the cursor in the field and press the HELP key. The manual will open to the explanation of the options you have for that field.

All the Features You’ll Ever Need

Process for as many companies as you need.
Supports common financial accounting calculation methods

Straight Line
Declining Balance
Change to Straight Line from Declining Balance
Sum of Years Digits
Override current year depreciation

Supports all current IRS approved calculations

ACRS, MACRS, Alternative Depreciation

Includes ”Job Creation and Worker Assistance Act of 2002“ provisions.

Automatic computation of gain or loss on sale of assets.

Listed property limitations including Luxury Autos, Listed aircraft, clean burning fuel autos and other listed property.Acquisition or Disposition Reports

By Class / Location
By Location / ClassDepreciation Schedules

Report choices include:

Calculate and print for a full year.
Calculate for a partial year.
Prepare pro-forma depreciation schedules for future years.
Summary of cost or other basis by year
General Ledger Distribution Report
Listing of fully depreciated assets
Asset Management with the following item, Serial Number Vendor Name Warranty Holder and Expiration Date Property Tax infation for multiple tax authorities and classifications.

Export Depreciation Schedules to an ASCII file and import to Excel.

On-line ‘cursor sensitive’ documentation.