Bassets eDepreciation Review - why 4 stars?

Bassets eDepreciation Review
ITQlick Score: 80/100
ITQlick Rating: (4/5)
Pricing: 3.6/10 - low cost
Category: Fixed Asset Accounting -> Bassets eDepreciation
Ranking:Ranked 7 out of 22 Fixed Asset Accounting systems
Company: Decision Support Technology
Pricing: starts at $1,900 per license
Typical customers: Small, medium and large size businesses
Platforms: Desktop
Links: Bassets eDepreciation pricing, Bassets eDepreciation alternatives
Shlomi LaviShlomi Lavi / updated: Sep 05, 2020

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What is Bassets eDepreciation?

Bassets eDepreciation is a business asset management solution for businesses of all sizes. It also offers cost management, business analytics, compliance, data management, and others. The software was developed and launched by Decision Support Technology headquartered in New Jersey, United States.

What is Bassets eDepreciation rating? ()

The rating of Bassets eDepreciation is 4 stars out of 5 and the total score is 80 out of 100. The ratings are based on our unbiased experts. Learn more in our rating methodology page

Who are Bassets eDepreciation's typical customers?

Customers of the software include businesses of all sizes and a variety of types. Major industries where it can be deployed include automation and manufacturing, retail and wholesale, government, healthcare and hospitality, financial services, insurance, and others. Some notable clients of the software include Anderson Chemical Company, FPIC Insurance Group Inc, and First National Bank & Trust etc.

Is Bassets eDepreciation the best Fixed Asset Accounting?

Bassets eDepreciation is ranked 7 out of 22 software in their category (Fixed Asset Accounting systems).

What are their main features and functionalities?

For efficient fixed asset management, the software offers intelligent data entry wizards along with automatic validation of the depreciation schedule of fixed assets. It also offers personalized phone support and data conversion from other packages. Support is offered for a variety of fixed asset depreciation methods including sum of years digits, straight line depreciation, MACRS, alternative MACRS, and others.

Clients have the facility of running historical reports and generating future projections for reliable calculation of fixed asset depreciation. Correction is offered for inaccurate depreciation calculations along with integration with general ledger. The software also offers flexible data export and streamlining of worker productivity.

Who are their main alternatives?

Some of the main competitors for Bassets EDepreciation are Bloomberg BNA and Fixed Asset Pro.

Bloomberg BNA offers fixed asset management software with depreciation controls. It is available as an on premise, cloud based and hosted solution as well. Additionally it supports asset documentation, maintenance and operations tracking, along with the provision of several asset cost depreciation methods. The product can also be integrated into existing customer applications as part of their workflow to provide a complementary addition to their software infrastructure.

Bassets EDepreciation works in much the same way but is only available as an on premise solution and has a special focus on cost reduction. This is done with automated depreciation validation to ensure that assets which are no longer financially feasible to maintain are retired quickly, minimization of excess insurance coverage, as well as optimization of tax payments where possible. There is also a depreciation audit to ensure all implemented policies are in line with GAAP requirements.

Then there is Fixed Asset Pro which can handle multiple books for different asset valuations based on various governmental reporting requirements. Additionally it has a strong reporting module which includes a large library of standard reports, with customization options to address specific requirements. The product also provides a data import option which can incorporate asset and related information from a variety of file formats.

In comparison Bassets EDepreciation also supports import of data from Accounts Payable and export of data to General Ledger, with barcode support as well. Additionally asset budgeting can be done using depreciated fixed asset information.

What is the cost of Bassets eDepreciation?

The cost of license starts at $1,900 per license. On top of the total cost of licenses which is easy to calculate - what is the REAL total cost of implementation? You need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 3.6 out of 10 (10 is most expensive). Find here the REAL total cost breakdown for Bassets eDepreciation

What should you ask Decision Support Technology during a demo session? (65 questions)

Schedule a demo with Bassets eDepreciation and access 65 must ask questions for the vendor while watching Bassets eDepreciation in action. Visit the vendor's website here.

Bassets eDepreciation's list of categories:

Accounting & Finance
Fixed Asset Management
Fixed Asset Accounting

Bassets eDepreciation's list of features:

Audit Trail
Depreciation
Tax compliance
Barcoding
Asset Budgeting
Asset Lifecycle Management
Capital Project Management
Disposal Management
Handheld Scanning
Inventory Reconciliation
Inventory Management

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Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.