Depreciation schedules that reconcile themselves.
Track property, plant & equipment across its whole life — multiple depreciation methods, basis adjustments, and disposals — with depreciation and disposal journal entries generated automatically.
No credit card to start
Depreciation schedule · Delivery van
Three depreciation methods, one shoebox of spreadsheets.
Straight-line on the trucks, declining-balance on the machines, a disposal nobody booked. By year-end, reconciling accumulated depreciation is its own project. SideLedger keeps the register and the schedule in lockstep.
Register an asset, choose a method
Capture cost, salvage, useful life, and in-service date — then pick how it depreciates. Eight categories cover everything from vehicles to leasehold improvements.
- Straight-line, double-declining, or sum-of-years
- Buildings, vehicles, equipment, computers, land & more
- Configurable declining-balance rate
CNC Mill · EQ-2026-014
ActiveCost basis
$92,000
Salvage
$8,000
Method
DDB · 200%
Useful life
84 months
Full schedules — with basis adjustments
Generate the complete monthly and annual schedule, and fold in capital improvements or impairments without breaking history.
- Monthly & annual depreciation schedules
- Capital improvements increase basis; impairments reduce it
- Book value tracked to the period
Depreciation schedule · Delivery van
Dispose with automatic gain or loss
Sell, scrap, trade in, or donate — SideLedger computes the gain or loss against book value and drafts the entry.
- Sold, scrapped, traded-in, or donated
- Gain/loss against book value at the disposal date
- Disposal journal entry generated
Disposal — sold above book value
Methods & standards
Every method, by the book.
Schedules are computed with the standard formulas — and double-declining switches to straight-line when that yields more, exactly as GAAP expects.
Straight-line
(Adjusted Basis − Salvage) ÷ Useful Life (months)
Even expense across the asset's service life.
Double declining balance
Rate × (1 ÷ Life yrs) × Book Value ÷ 12
Accelerated, and it switches to straight-line once that's larger.
Sum-of-years-digits
(Remaining Yrs ÷ SYD) × (Basis − Salvage) ÷ 12
Accelerated via the years-digits weighting, where SYD = n(n+1)/2.
Book value
Adjusted Basis − Accumulated Depreciation
Carrying value at any period, after adjustments.
Adjusted basis
Cost + Improvements − Impairments
Basis kept current as you record capital changes.
Gain / loss on disposal
Proceeds − Book Value at disposal
Computed automatically and posted with the disposal entry.
Auto-generated journal entries
The journal entries, drafted for you.
Period depreciation and asset disposals each produce a ready-to-post journal entry template — debits and credits balanced — so booking them is copy, paste, done.
Monthly depreciation entry
Stop reconciling depreciation by hand.
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