2018 Review of Cellutionware Depreciation Calculator

From the 2018 reviews of Fixed Asset Management systems.

Cellutionware Depreciation Calculator from Cellutionware Software is an easy-to-use depreciation calculator program that is well suited for small to mid-sized businesses as well as accounting professionals that are looking for quick depreciation calculation. Cellutionware can be downloaded from the Cellutionware Software website and works with Windows 7 or above.

Depreciation Calculator supports multiple companies and thousands of assets. The main menu of Depreciation Calculator is simple and easily navigated, with options to add or edit assets, print reports, and handle initial product setup. The Add Asset input screen is intuitive, with the ability to enter extensive asset data. Additional entry tabs are available for users to enter additional asset data including more extensive asset information, depreciation information, monthly books, dispositions, and next year’s data projections. There is no option to import asset data from other applications, so users will need to enter each asset manually into Depreciation Calculator.

Depreciation methods for GAAP include both Straight Line and Declining Balance, with the product also supporting federal and state depreciation methods including ACRS, MACRS, AMT, and Corporate ACE. The product automatically calculates MACRS depreciation for all qualified fixed assets and will also compute luxury automobile depreciation and annual truck and van depreciation limitations.

Depreciation Calculator has been completely updated for 2018 and has also added additional IRS and state forms as well as support schedules.

As a calculation engine, Depreciation Calculator does not track asset details such as warranty information, insurance details or maintenance and repair schedules. While the product does support simply asset exchanges, it does not handle complex like-kind exchanges.

Depreciation Calculator offers a decent number of reports and forms that can be printed, including Regular Depreciation for Federal, State, and Books. Other reports include Asset Listing, AMT Depreciation, Current Year Acquisitions, Current Year Dispositions, Group Totals and Group Totals Summary. The Asset Detail Listing provides users with a description of each asset, the serial number and assigned asset ID number, the date the asset was acquired, and the cost of the asset. Depreciation Calculator also includes a variety of forms that are available to print as well.

Depreciation Calculator is designed to work as a depreciation calculator engine and currently does not offer integration or import/export capability in any capacity.

Users can access both general and technical FAQs on the Cellutionware website. The system Help function is easily accessed within the application by pressing the F1 key. Technical support is available at no cost for all registered system users, provided that the program is updated annually. Support can be accessed via email or telephone during regular business hours.

Depreciation Calculator is a good fit for small to mid-sized businesses or accounting firms that are looking for a solid depreciation calculator. Designed to be used for calculations only, the product does not offer integration capability with other applications. Depreciation Calculator is currently priced at $349.95 for a single user, with a multi-user version available for $489.95, which provides licenses for up to 5 computers at a single location.

2018 Overall Rating – 4 Stars