The Asset Depreciation module helps you better manage and track depreciation for the purposes of accurate financial accounting. Passport’s built-in tracking methods allow you to monitor and report on the cost and value of your assets over their useful life. In addition, you can configure reports needed for tax and insurance purposes. Ultimately, the feature helps reduce expenses by eliminating unnecessary equipment purchases, improving accounting accuracy, and loss prevention.
Built-in standard depreciation methods and reporting
Ability to create custom depreciation methods and reports
Full control of all aspects such as calculating daily, monthly, yearly
User configurable to the data collection fields you need
Full reporting via the report wizard