Accelerated Depreciation
2025-06-17 01:35:53

Revolutionizing Depreciation Management: Money Forward Launches Accelerated Depreciation Feature

Introduction to the New Accelerated Depreciation Function



Money Forward, a leading provider in financial software solutions, has recently launched a new feature for its 'Money Forward Cloud Fixed Assets' service. This feature, part of the long-awaited 'depreciation adjustment function,' is termed 'accelerated depreciation function.' Designed with the intention to streamline complex accounting processes, it significantly reduces the burden on finance personnel responsible for managing the depreciation of fixed assets.

The Challenge of Traditional Depreciation Procedures



Typically, when companies relocate their offices or undergo business restructuring, they may find themselves needing to accelerate the depreciation of fixed assets that are scheduled for disposal. In such situations, the existing setup has required finance teams to manually adjust depreciation months and recalculate book values, leading to increased risks of errors and considerable extra work.

Recognizing these challenges, Money Forward's latest offering introduces the 'accelerated depreciation function' in its cloud fixed asset management system. This function allows businesses to manage the depreciation of their assets in a more agile and efficient manner.

Enhanced Flexibility with Accelerated Depreciation



Standard depreciation accounting involves allocating the cost of fixed assets over their useful life according to specific rules. With the introduction of the accelerated depreciation function, finance teams can simply set a disposal date to shorten the depreciation period automatically. The system will handle all recalculations and journal entries with precision.

This automated system minimizes manual errors, which have historically been a significant pain point for finance departments. By improving accuracy in depreciation processes, Money Forward empowers businesses to make strategic decisions quickly, gaining a better understanding of their real-time financial health, including expense recognition and impacts on profitability.

Key Features of Accelerated Depreciation



The accelerated depreciation feature allows firms to register and cancel accelerated depreciation for their owned fixed assets. Consequently, by inputting a scheduled disposal date, companies can ensure that the book value aligns with their intended policy.

How to Utilize the Accelerated Depreciation Function:



1. Navigate to the 'Fixed Asset Ledger' screen and select the asset for accelerated depreciation registration.
2. Click on the 'Depreciation' tab in the asset detail view.
3. Select 'Depreciation Adjustment' displayed on the accounting ledger and choose 'Register Accelerated Depreciation.'
4. In the registration screen, select the 'scheduled disposal date.'
5. Confirm the calculated depreciation expense based on the disposal date and click 'Register.'

For further guidance, users can refer to the official announcement here and to the management guide here.

About Money Forward Cloud Fixed Assets



The 'Money Forward Cloud Fixed Assets' system is designed to enhance the efficiency of fixed asset management across various business functions. It supports finance departments by managing everything from asset registration to depreciation calculations, aggregation of increases and decreases, automatic journal entries, and tax reporting obligations. This solution operates in the cloud, allowing for real-time data collaboration among departments like general affairs, IT, and factory operations. The built-in log management feature also strengthens internal controls, and helps to address discrepancies between tax and accounting ledgers.

For more details, check out their official page at Money Forward Cloud Fixed Assets.

About Money Forward, Inc.



Founded in May 2012, Money Forward, Inc. is headquartered in Tokyo, Japan. The company's CEO, Yosuke Tsuji, leads a team dedicated to providing innovative platform services. Their mission is to empower businesses through advanced financial management solutions. For more information, visit their corporate site at Money Forward Corporation.

Note: Company names and product names mentioned within this article may be trademarks or registered trademarks of their respective owners.


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