Steda

Book and tax depreciation on one asset register

Acquisitions, transfers, impairments and disposals on a register that closes and locks each month. The depreciation entry posts to QuickBooks Online or Desktop.

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FA-0102 · CNC machining center

October 2026 closed

Book

MethodStraight-line
Life10 years
Accumulated depreciation80,437.50
Net book value68,062.50

Federal tax

MethodMACRS, 7-year
ConventionHalf-year
Depreciation, 202513,261.05
Total through 2025115,369.65
  1. 03/01/2021Construction in progress opened
  2. 06/01/2021Placed in service, FAC-0019 posted
  3. 03/01/2024Transferred, Machining to Assembly
  4. 10/31/2026Month closed, JE-0842 posted, 1,237.50
Cost 148,500.00 · Every event on the audit trail
Sample Company. Each book keeps its own method and life on the one asset.

What it does

One asset record: cost, salvage value, in-service date, life, method, convention and tax method, with tabs for allocations, impairment, depreciation books, documents, disposal and history.
Demo Company. Sample data.

  • Acquisition and construction in progress

    Record an asset at cost, or accumulate spend in construction in progress and place it in service when the project completes. Depreciation starts on the in-service date.

  • Depreciation methods

    Straight-line, declining balance at 150 and 200 percent, sum-of-years-digits, and units of production for book. MACRS for tax with the half-year, mid-quarter and mid-month conventions, Section 179 with its limits and carryover, bonus depreciation, and the alternative depreciation system. Each book carries its own method and life, side by side on every asset.

  • Movement and disposal

    Transfers between departments, locations and classes, impairments, and full or partial disposals, with the gain or loss computed against net book value at the disposal date and reported. A capitalization entry and an impairment entry post to QuickBooks, each with its own reference number, alongside the monthly depreciation entry.

  • Custom fields and dimensions

    Serial number, custodian, and any field you add, plus a breakdown by department, location, or class. An asset split across dimensions shows the split on the asset.

  • Documents on the asset

    Attach the invoice, the warranty, or a construction-in-progress receipt to the asset or the project it belongs to.

  • Reporting

    The asset register, acquisitions, the net book value rollforward, the depreciation schedule, projections, the Section 179 limitation, book against tax, and tax depreciation. Every report exports to Excel.

Questions

Can I import the register I already have?

Yes. Download the import template, fill it from your Fixed Asset Manager export, a legacy system, or the workbook itself, and upload it as a CSV. Cost, dates, methods, and accumulated depreciation to date come across as they are. Every row is checked first, and one bad row rejects the whole file with its row number.

Which depreciation methods does it support?

Straight-line, declining balance at 150 and 200 percent, sum-of-years-digits, and units of production for book. MACRS for tax with the half-year, mid-quarter and mid-month conventions, Section 179, bonus depreciation, and the alternative depreciation system, with a separate method and life per book on the same asset.

Does the entry post itself?

The monthly depreciation entry, a capitalization entry, and an impairment entry each post to QuickBooks Online or QuickBooks Desktop, or download as a file to import yourself.

The rest of Steda Registers

See all of Steda Registers, the other product, Steda Receivables, or pricing.

Send your depreciation spreadsheet ahead and see your own register on the walkthrough.

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