Bassets eDepreciation Reviews & Product Details

Bassets eDepreciation is fixed asset accounting and depreciation software designed for organizations that need accurate, scalable control over asset depreciation, tax calculations, reporting, and financial records. Built for accounting and finance teams, Bassets supports the fixed asset lifecycle from acquisition through depreciation, transfers, disposals, and reporting. Organizations can maintain multiple depreciation books, including internal book, IRS tax, state tax, and AMT, while calculating depreciation for historical, current, and future periods. Bassets supports organizations managing portfolios ranging from hundreds of assets to unlimited asset records, with Compact, Standard, and Enterprise licensing options. Deployment is available on-premise or through a cloud-hosted virtual machine. Key capabilities include: 1. Fixed asset depreciation calculations and schedules 2. Book, federal tax, state tax, and AMT depreciation 3. Asset acquisitions, transfers, disposals, and lifecycle transactions 4. 20+ standard reports with additional SQL reporting capabilities 5. General ledger expense data export for use with ERP and accounting systems 6. Data validation during asset entry 7. Data conversion from spreadsheets and other fixed asset systems 8. State tax reporting 9. Foreign currency conversion 10. Expense allocation 11. 4-4-5 accounting support 12. Historical reporting and future depreciation projections Bassets also provides assisted data conversion for organizations moving from spreadsheets or existing fixed asset systems, allowing historical asset information to be brought into Bassets for accurate depreciation calculations going forward. Designed for finance and accounting teams, including CFOs, Controllers, Tax Managers, Finance Directors, CPAs, and accounting professionals, Bassets provides the functionality needed to manage depreciation and fixed asset accounting across growing and complex asset portfolios.