Lucasys Depreciation Simplifies Fixed Asset Tracking for Utilities

Calculating and tracking fixed asset depreciation can be a complicated and time-consuming process, especially for rate-regulated utilities. Large quantities of assets and strict accounting regulations add complexity to what should be a straight-forward process. Lucasys Depreciation was designed to streamline depreciation for utilities, with advanced reporting and dashboard functionality that make it easier for financial and tax teams to stay compliant while saving time and effort. Whether you're a finance professional, tax professional, or someone interested in learning more about how technology can simplify complex financial processes, Lucasys Depreciation has the answers.

Intuitive Reporting

Lucasys Depreciation’s reporting features have been specifically created with user-friendly navigation in mind. This means that finance and tax professionals can easily access the information they need with just a few clicks, generating exactly the data they want to see without the need for exporting data and summarizing by hand. Intuitive navigation allows users to easily organize key metrics and frequently used features so they can quickly gain insights and interpret data.

For tax professionals that rely on depreciation calculations a few times per year, Lucasys Depreciation reduces the time and effort required to generate meaningful reports. With automatically populated forms like the Form 4562 and Form 4797, ensuring regulatory compliance is now fast, simple, and no longer at risk of user-error.

Advanced Dashboards

Lucasys Depreciation’s advanced data visualization capabilities provide users with intuitive, interactive charts and graphs that display key metrics and trends, allowing finance, accounting, and tax executives to quickly understand the financial health of their organization. The dashboard also offers drill-down functionality, which allows users to explore data in greater detail, further enhancing their ability to make informed decisions.

Configurable dashboards allow users to organize key performance indicators and frequently used features in a way that is most relevant to their roles. With innovative dashboard analytics, finance, accounting, and tax executives can stay informed and make timely, data-driven decisions to drive their organizations forward.

How to Learn More

Master uncertainty by leveraging industry-leading modeling solutions with Lucasys. Whether looking for new software or trying to get the most value out of existing solutions, Lucasys can provide insights into the latest tax and accounting issues of the utility industry. To learn more about how Lucasys can help, visit https://www.lucasys.com/solutions.