• Calculates depreciation based on acquisition cost, residual value, and useful life.
• Accounts for previously recorded depreciation when bringing existing assets into the system.
• Creates monthly depreciation entries for each asset.
• Lets you preview and verify depreciation before processing.
• Automatically catches up on missing depreciation periods, including entries that were previously voided.

Spend less time calculating depreciation and more time managing your organization’s finances.

You can:

• Establish default General Ledger accounts and cost centers by asset category.
• Override those defaults for individual assets when needed.
• Use direct allocation methods to distribute depreciation expense across multiple programs, departments, or funds.
• Maintain consistent accounting without repeatedly entering the same information.

Your depreciation expense goes where it belongs, without manually splitting every journal entry.

Fund EZ’s reporting tools allow you to sort, group, and subtotal assets using these fields, making it easier to answer questions such as:

• What assets belong to a particular department or location?
• Which equipment is assigned to a specific program?
• What depreciation has been recorded for our assets?
• How can we organize our asset information for financial reporting?

Whether you’re reviewing equipment, vehicles, or other capital assets, Fund EZ helps you find the information you need.

Questions? Use our form below to get answers fast!