Software : Finance : Fixed Asset Accounting with MACRS for Excel

Developer : Millennium Software Inc.

Excel Templates for accounting

Our Fixed Asset Accounting workbook provides all you need to keep track of a maximum 3,000 asset depreciation records, book values and disposals with Excel 97-2003. It will save you hours of work calculating MACRS depreciation for tax purposes and deferred tax balance values for any month end date. It also includes capital lease accounting.

You can select straight line depreciation or the declining/double declining deprecation methods.

You can wind the month end back and forwards to calculate accounting depreciation, MACRS depreciation and deferred tax balances at any month end. The default calculation period is the current month end.

The MACRS depreciation rates are variable. They are set for US tax depreciation rules but you can enter any MACRS rates into the database which will apply to your calculations.

In the first workbook each asset is defined by location, accounting depreciation life, MACRS class and salvage percentage.

Individual assets can have their own unique depreciation life.

Everything is so easy with Excel. Excel links location, asset class, depreciation lives together and you can filter and sort records just anyway you want.

Disposal accounting included.

The Lease accounting section reports repayment status, interest and remaining balances for all capital leases at any month end. Lease terms can include pre-payments and final balloon payments.

Screenshot

Asset Register Screenshot

Attitional Information

Registers include Office Equipment, Computers, Machinery, Buildings, Leasehold, Autos, Investments, Intangibles and Goodwill. Investments, Intangibles and Goodwill include impairment adjustments

Depreciation and month end book value for each asset and for all assets, combines category balances and reports all these in the Summary table

Built-in Excel Lookup functions

Gain/loss at the date of disposal

Accumulated depreciation and book value balances at any selected month end

Balances at the end of Year

MACRS version for USA

Asset costs, useful lives, current monthly depreciation, cumulative depreciation

Disposal gains & losses records, audit verification

Annual and monthly declining balance tables

System Requirements

Platform : Windows XP/Me/9x/NT/2000/2003  or Mac OS

Web Data Requires:

Excel 2000 or later and MS Windows XP/2000/2003 or later.

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Please note that you also may want to purchase our 'Financial Excel All Programs Edition' - large collection of financial programs - as it contains this product.

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Additional Information

Fixed Asset Accounting with MACRS for Excel

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