Depreciation
Organizational structure, historical data, and reporting needs often make conversion to an alternative depreciation tool challenging. InCircuit's Depreciation Module is flexible, so it can be tailored to meet the specific needs of any organization. Use it to configure and maintain an unlimited number of depreciation methods, and modify the system so it works for your unique needs.
InCircuit's Depreciation Module offers:
- Customizable Disposal Options – Pre-determine how to depreciate assets upon disposal
- Customizable Transfer Options – Establish depreciation rules for transferred assets
- Depreciation Conventions – Both standard and custom conventions are available
- Customizable Schedules – Adjust the depreciation calculations to match prior years’ reporting
- Business Rules – Specify rules on depreciation, based on Fund Accounting, Asset Type, Salvage Value, Cost Thresholds, and other variables
- User-Specified Estimated Life – Supports both default and user-specified life lengths associated with Category or Class Codes
- GASB 34/35 Reporting
- Reporting – Comprehensive standard and user-defined reporting
