The Depreciation Report lists the depreciation expense recognized for each business asset during a period. It’s the report you’ll hand your accountant at tax time — it tells them how much of each asset’s cost flows onto Schedule C this year.

It’s the natural companion to the Assets Report: Assets shows what you bought and what it cost; Depreciation shows the portion of that cost being expensed.

When to run it

  • At tax time — the totals here flow into Schedule C deductions
  • Quarterly tax estimates — to project how much of the year’s depreciation is “in” so far
  • When closing out the books — to verify each asset is being depreciated as expected

Opening the report

  1. Open Reports from the sidebar
  2. Find Depreciation Report under Asset & Depreciation Reports
  3. Click the card to open the report

Choosing the period

At the top:

  • Business — required
  • Bank — pick a single account, or check Consolidate all accounts to combine every bank under the business
  • Year — pick the tax year, or switch to Date Range and set From / To for a narrower window (the two are mutually exclusive)

What the report shows

A table with one row per depreciation entry:

  • Month — the month the depreciation expense was recognized
  • Asset Description — which asset the expense relates to
  • Depreciation Amount — how much depreciation was taken that period

A grand total at the bottom shows the period’s total depreciation expense — the number that ultimately flows to Schedule C as a deduction.

Exporting

  • PDF — printable schedule for tax records
  • Excel — useful for cross-referencing with the Assets Report or for adjustments by your accountant

A note on how depreciation is tracked

Simple-C combines depreciation entries from two sources behind the scenes: the legacy depreciation system (recorded directly on expenses) and the newer depreciation schedules / entries tables. The report merges and sums both so you see a single consolidated number per asset and month. As a user, you don’t need to do anything special — both kinds of entries appear here automatically.

Tips for accurate depreciation numbers

  • Run the Assets Report first to confirm every asset is in the system with the right acquisition cost. Wrong cost = wrong depreciation.
  • Verify the depreciation method for each asset (useful life, year placed in service) was entered correctly when the asset was created — these drive the calculation.
  • Reconcile against your accountant’s schedule if you have one. Differences usually trace back to a single asset entry that needs correcting.
  • Don’t forget mid-year acquisitions. Assets bought in the middle of the year typically only get a partial year of depreciation; if a number looks lower than expected, check the placed-in-service date.