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bandb2
Level 4
March 18, 2025
Question

asset life history

  • March 18, 2025
  • 1 reply
  • 7 views

After 20 plus years of Pro Seies, I have switched to Proconnect. With any change, there is a learning cure. In Pro Series, rental property  would have an Asset Entry Worksheet and an Asset Life History Reprt showing a depreciation schedule for the entire life. At sale prior to its useful life, Accumulated Depreciation was easily known. Does Proconnect have a similar feature?

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1 reply

George4Tacks
George4Tacks
Level 15
March 18, 2025

The program does not list prior amounts by year, but the accumulated depreciation is kept. I am surprised it did not convert when you started. For each asset you need to review 

Look at a depreciation item: Click Details:

 

Review all the items - check to see if any of the state entries need to be different.  From here on it will give you a current year and next year depreciation schedule. 

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