Depreciation Calculator tracks fixed assets, runs straight-line or declining-balance schedules, and posts journal entries so year-end books reflect equipment and property accurately. Generated entries flow through Journal Entries like any other accounting activity.
Available on PlusProEnterprise. Directors open it from the Tools hub on a computer. Pair with Balance Sheet for net fixed asset balances and Form 990 Builder Part X when preparers need asset detail.
Fixed asset schedules with automatic depreciation journal entries.
Methods
- Straight-line depreciation
- Declining balance options
- Exportable depreciation schedules
Good to Know
Each asset record stores purchase date, cost, useful life, and salvage value. The calculator builds a schedule and posts entries when you confirm.
Mark an asset disposed when you stop using it so future depreciation stops. Review schedules before year-end close so Form 990 Part X and the balance sheet stay consistent.
Items you sell or loan during the year belong in Inventory Storefront, not this calculator.
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