Depreciation schedules
The moment you flip to the depreciation schedule
Every new-client intake has the same few seconds: you page through the prior year return looking for the depreciation schedule and hoping it's there and complete. When it is, the reward is re-keying it.
What re-keying actually costs
Fifty to a hundred assets takes two to four hours. At the NATP average billing rate of $182 an hour that's $364 to $728 of your time, on a client you haven't billed yet, doing work that generates no judgment and no value — just the risk of a transposed basis.
Every field, not just the easy ones
Description, dates acquired and in service, cost, business-use percentage, method, life, prior depreciation by treatment, §179 current and prior, bonus current and prior, salvage, dispositions. Anything the schedule prints, we transcribe; anything it doesn't, we flag rather than fill in.
You still review it — that's the point
The reconciliation screen isn't a formality. It shows the totals from the PDF against the totals from the rows and refuses to produce a file until they agree. Reviewing three subtotals is a different job from re-typing two hundred lines.
Questions
- The prior preparer's schedule looks homemade.
- That's a supported case. Spreadsheets built by hand — including ones from preparers who have long since retired — are read by meaning rather than by fixed column positions, with a confidence score on each row.
- What if the schedule is missing pages?
- The totals won't tie, and we'll tell you which activity is short. Better to find that before the return than after.