Fixed asset depreciation is an obstacle that many businesses face in terms of finances and long term growth. Being able to track asset depreciation and having a dependable asset depreciation calculator is an important facet to a business’s finance and can save you a lot of money over time. The Asset Depreciation module helps you better manage and track business asset depreciation for the purposes of accurate accounting. Passport’s built in tracking feature allows you to monitor and report on the cost and value of your assets over their lifespan, providing an easier way to do reporting for tax and insurance purposes. This feature allows you to track asset depreciation life and get accurate asset depreciation calculation, helping reduce unnecessary equipment purchases, improving accounting accuracy.
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