Overview

MTW Web Depreciation is a complete on-line fixed asset system which includes book and tax depreciation, management reporting, and asset tracking. All depreciation and amortization methods required for federal tax reporting are included in an easy to use format. Extensive on-line help details methods and tax requirements.

This cost-effective software was designed to meet your business needs. Fixed Assets can be classified by general ledger account, or location. Detail information is tracked by asset. There are twelve standard reports, which you can preview, print, or export.

Some of the features of MTW Web Depreciation:

No software to install.
Your data is backed up nightly.
The application is available any where you have Internet access.
You can import or export your data at anytime.

Some of the features of MTW Web Depreciation:

Reports can be produced for any period, historical or future
Supports fiscal years ending in any calendar month.
Keeps track of Tax and Book depreciation.
Calculates Luxury Automobile Depreciation.
Unlimited FREE technical support is included.
Supports an unlimited number of assets.
A Sample Company and data are included to reduce the learning curve.
Auto calculation of accumulated depreciation to aid in conversion of assets from a different application.
Determines the 30% or 50% Special Depreciation Bonus.
Produces monthly journal entry for book depreciation.
Keeps track of assets by location.
Maintains notes on each asset.
A formal depreciation schedule can be printed.

Compliant with all federal tax requirements

Tracks Section 179 deductions and limits.
Half-year, mid-quarter, and mid-month conventions are provided.
Depreciation is generated using IRS tax tables.
Constantly revise to keep current with federal tax changes.

The following depreciation methods are supported:

ADS
Amortization
MACRS - 200 DB
MACRS - 150 DB
MACRS - Straight-Line
Straight - Line
Non - Depreciable assets