Depreciation that runs the way your books require.
Set methods and useful lives by category, keep parallel books for corporate, tax and IFRS reporting, generate schedules for each asset, test what-if scenarios and review the journals posted to your general ledger.
- Parallel books
- India rate-packs
- What-if simulation
What you can do with Depreciation.
Parallel books, SLM, WDV and more, statutory rate-packs, simulation and GL posting.
Choice of methods
Use Straight Line, Written Down Value, Double Declining Balance or manual amounts per period.
Parallel books
Keep Corporate, Tax and IFRS books side by side. Only the primary book posts to the general ledger.
Statutory rate-packs
Load standard Companies Act or Income Tax Act rates and apply them to your categories.
Useful life by category
Set the method, frequency, useful life and rate for each category.
Simulation
Project depreciation for any asset or what-if figures without changing live records.
GL posting & adjustments
Review journal postings by status, and record manual value adjustments with a reason.
See the effect before you commit.
The simulation sandbox shows every period’s opening value, depreciation, accumulated total and ending book value, without changing a single live record.
- Monthly or other frequencies to suit your policy
- Per-asset overrides by book
- Salvage value built into the calculation
- Usage-based depreciation from meter readings
Depreciation, step by step.
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1
Configure
Set books, methods and useful lives.
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2
Simulate
Test the numbers without touching live records.
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3
Run
Generate the schedule for each eligible asset.
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4
Post
Review journals and reconcile with the GL.
Depreciation questions, answered.
Which depreciation methods are supported?
Straight Line, Written Down Value, Double Declining Balance and manual amounts. Usage-based depreciation can be posted from asset meters.
Can we keep tax and corporate books separately?
Yes. You can run parallel books and depreciation areas. Only the primary book posts to the general ledger.
Does it include Indian statutory rates?
Yes. You can load rate-packs for the Companies Act and the Income Tax Act, then apply them to a category.
Explore other Assets modules.
Acquisitions, depreciation, maintenance, movements and disposals all work from the same asset record.
See Depreciation in action.
Book a free Assets demo and we will walk you through depreciation using scenarios from your business.