Last Updated
Overview
Bassets eDepreciation offers comprehensive fixed asset management with automated depreciation calculations. However, its interface may require initial training. Despite this, the software has robust features for accurate asset tracking and financial reporting. Several users laud Bassets eDepreciation for its simplified asset tools and various file formats for reports.
Bassets eDepreciation Specifications
- Work Order Management
- Maintenance Logs
- Purchasing
- Incident Management
Bassets eDepreciation Features
Asset and Depreciation Reporting
The software provides a comprehensive reporting system with over 20 standard reports. It offers insights into asset acquisitions, depreciation calculations, and tax savings. Users can customize reports per specific needs, ensuring transparency in asset tracking. Reports become easy to export to Excel, PDF, and Word, streamlining data sharing.
Flexible Data Conversion
Bassets eDepreciation supports seamless data conversion from spreadsheets and other fixed asset management systems for easy transition without losing valuable historical data. It reduces manual data entry errors and provides accuracy by enabling easy imports. This feature simplifies migration for companies upgrading from legacy systems, maintaining consistency in financial records.
Data Validation
This feature automatically validates asset depreciation data upon entry, preventing errors that could impact financial reports. Bassets eDepreciation built-in validation ensures compliance with tax laws and accounting standards. Users receive alerts when discrepancies arise, allowing for immediate corrections. By maintaining data integrity, businesses can avoid miscalculations that lead to penalties or financial misstatements.
GLA Integration
The software integrates with General Ledger Accounting (GLA) systems, ensuring asset depreciation values are correctly reflected in financial statements. This integration eliminates the need for manual data transfers, reducing the risk of errors. By syncing with accounting platforms, businesses maintain consistency across financial records, streamlining reconciliation processes.
Recovery Of Lost Tax Deductions
Bassets eDepreciation helps businesses identify and recover lost tax deductions by correcting depreciation miscalculations. This feature ensures compliance with tax regulations, allowing companies to maximize savings. With accurate adjusting depreciation figures from its tools, businesses can reclaim overpaid taxes, improving cash flow.
Pros And Cons of Bassets eDepreciation
Pros
Intuitive and user-friendly with simplified tools
Its onboarding process is smooth and efficient
Support is quick, thorough, and helpful, according to several software users
Offers detailed reports for IRS, Book, and State schedules
Enhances record-keeping and documentation
Cons
No manual ‘save’ option
The backup process can be simplified more
The user interface has room to be updated and modernized
Bassets eDepreciation Reviews
Total 4 reviews
4.5
All reviews are from verified customers
Rating Distribution
5
Stars50%
4
Stars50%
3
Stars0%
2
Stars0%
1
Stars0%
Share your experience
Woman
Building Materials, 51-100 employees
More than a year
“Perfect fit for our needs”
Pros
The software is very simple, provides detailed reports, and offers a great overview of total assets.
Cons
Extra care is needed when disposing of an asset to prevent errors.
Rating Distribution
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Lacy
Construction, 51-100 employees
Less than 6 months
“Top company for depreciation software”
Pros
Bassets is an outstanding depreciation software. Everyone I interacted with, from sales to implementation and support, was highly knowledgeable about fixed assets and depreciation. After a failed implementation with another provider that couldn't handle multistate and multibook depreciation properly, I had to switch at the last minute. Bassets quickly took over my account, got to work immediately and delivered within a tight deadline. Their process is efficient and well structured. Customer support is the most responsive and thorough I've ever experienced with a software provider. Having used several depreciation software solutions throughout my career, I can confidently say I wouldn't invest my time or money with any other provider. Bassets is a high quality, high value product!!!
Cons
I didn't come across anything I disliked about Bassets.
Rating Distribution
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Mitchell
Food and Beverages, 101-500 employees
More than a year
“Outstanding support from the team”
Pros
Running reports for different schedules, including IRS, Book and State, is effortless and switching between them is seamless. The software also has strong import/export features, making it easy to add new assets or export reports to Excel.
Cons
Having on demand tutorials for frequently used features would be a great addition.
Rating Distribution
Ease of use
6
Value for money
10
Customer Support
10
Functionality
10
Frequently Asked Questions
Does Bassets eDepreciation offer an API?
No, Bassets eDepreciation doesn’t provide an API access.
What language does Bassets eDepreciation support?
Bassets eDepreciation supports English.
What other apps does Bassets eDepreciation integrate with?
Bassets eDepreciation integrates with GLA software. Watch its free demo to learn more.
Does Bassets eDepreciation have a mobile app?
No, Bassets eDepreciation does not have a mobile app.
What types of pricing plans does Bassets eDepreciation offer?
The Bassets eDepreciation price ranges in three packages, each customizable according to a business’s needs. Users can get custom quotes accordingly.
Who are the typical users of Bassets eDepreciation?
The typical users of Bassets eDepreciation are accounting, utilities, manufacturing, finance, healthcare, and other industries.
What level of support does Bassets eDepreciation offer?
Bassets eDepreciation offers support through email, phone, and chat.