Modern fixed asset depreciation for CPA firms.
One asset register for the tax team and CAS team, without stepping on each other's toes.
Nobody calls fixed assets a problem. It's just how it's always been done. That's the problem.
Tax, at year-end
State adjustments by hand.
Excel workpapers rebuilt every year, state by state.
Numbers re-typed into the return.
Key the 4562 over by hand. Every client, every year.
The dread when the spreadsheet lands.
Days of cleanup. Some firms turn the client away.
CAS (client advisory services), every month
A depreciation schedule rebuilt in Excel.
Roll it forward. Hope the formulas held.
A GL that doesn't tie to the register.
The variance shows up at year-end, not month-end.
The same asset keyed twice.
Tax keeps one list. CAS keeps another.
One register. Two practice lines.
Tax works federal and state at year-end. CAS books the monthly depreciation entry to the client's GL from the book treatment. Cost and in-service date are shared, so nobody keys an asset twice.
Tax: compliance and return prep.
- Federal and state, all 50 states and DC.
- Form 4562 and 4797, line by line.
- AMT adjustment and the Form 6251 figure.
- Export to Drake, CCH ProSystem fx, Lacerte, ProSeries, UltraTax CS.
- Schedule E rental clients.
CAS: the month-end close.
- Monthly book depreciation, to the penny.
- Journal Entries report, month or full year.
- A JE CSV that QuickBooks Online imports.
- An export log that flags re-exports.
- Disposal JEs that balance before posting.
- GL Rollforward & Trial Balance Reconciliation.
- Tax vs. Book Reconciliation for ASC 740.
A REST API, read and write. Push depreciation into your tax engine and the client's GL. No re-keying.
Import is the whole game.
Bad tooling caps growth. When onboarding stops being a multi-day slog, you take on the clients you've turned away. DepreciationPro™ reads a client's full history into clean rows in minutes. Thousands of assets in seconds. It reads the files firms already have:
- PDF asset schedules, like the ones Fixed Assets CS exports.
- Prior-year return PDFs.
- Grouped, subtotaled registers, proved against the report's own subtotals before anything is committed.
- Declare each file tax, book, or both at upload.
The whole job, the part you blocked off a week for, handled in minutes.
Firms stay on legacy tools because of twenty years of data they can't move.
We move it. Purpose-built importers for the tools you already run:
Simple, published pricing.
Firm pricing starts at $999/year. See full pricing.
Every category gets its watershed tool.
The one that makes the old way look absurd. This is depreciation's. Import one client, watch the numbers tie out, and you'll see it.
Start free: app.depreciationpro.com
15 minutes with a founder: calendly.com/andy-firmpro/depreciationpro-introduction-web