Asset Register & Depreciation set up

Matthew_8244693

Does Reckon have the facility to 'house' an asset register with monthly depreciation etc.?

If so, how would I set this up?

Thankyou

cosmic

Definitley, not to what i am aware, there is Asset information area, but this will not do TAX DEPRECIATION for tax purposes. AS a Tax Agent, we use Reckon Elite Tax Practice solution.
http://estore.reckon.com.au/74/55/Reckon-Asset-Manager/more?_ga=1.225219610.1034641219.1427344396

have a look at this , you need to buy it , i have not tried it, though

Matthew_8244693

Hi Chandra,

Does Reckon handle only 'accounting' (as opposed to TAX) depreciation or none at all?

Looks like Reckon can simply hold a list of assets and I would have to manage the depreciation separately and journal in as required.......sound right?

Thanks
Matt

cosmic

yes, depreciation for Tax purposes, you will have to maintain separately, have a look at that link, i dont think that link provides DEP as required for Tax purposes.
or optionally ask your tax agent to do tax calc and you can do a journal entries.
If you have any further doubts you can talk to me
 

Matthew_7257254

Hi Matthew can you please email me matthew.bambrick@reckon.com so we can have a more detailed look at your needs.

Thanks

Matt

cosmic

Good to see , rescue is here , Mathew
GOOD ONE , This is the beauty of Reckon , help is quick and great.
No other software provider, provides this kind  of support. THANKS Mathew

LadyofOZ

I use Reckon Asset Manager which integrates nicely with Reckon and handles full depreciation synchronisation

Ash Sexton

If doing a manual journal what date do you do it as? 30 June 2017 the last day of the tax year? After the accountant has told you the depreciation amounts?