Tool profile
DepreciationPro: cost, fit and limits
DepreciationPro is a cloud depreciation and fixed asset product made by FirmPro, Inc. that computes US federal, state and book depreciation, maps Form 4562 and 4797, and exports journal entries for CPA firms and, on custom terms, for businesses.
What to know first
DepreciationPro is the most transparent of the small tools here on pricing and security, because both pages are public and detailed. Its AI is limited to cleaning imports: mapping columns, normalizing method codes and inferring missing methods, with a preview before anything is saved. The tax logic is American and the buyer is mostly a CPA firm, so a European finance team should read the scope before trialing.
DepreciationPro at a glance
| Maker | FirmPro, Inc., United States |
|---|---|
| Free plan | Yes |
| Entry price | $49 per month |
| API access | No |
| Category | Best AI Fixed Asset Management Software in 2026, rank 2 of 10 |
| Website | depreciationpro.com |
Who DepreciationPro is best for
CPA firms with many small clients
Solo allows unlimited clients for one user and Firm adds three seats and shared client data, so pricing does not climb with the client count.
Tax preparers using UltraTax, CCH or Lacerte
The product exports to a long list of tax software and imports from Thomson Reuters, CCH, Asset Keeper and Intuit FAM, which cuts the cost of leaving an older tool.
Real estate owners considering cost segregation
Per-study prices of $499, $799 and $1,299 are printed, and the Firm plan adds an opportunity scanner and an IRS audit defense package.
DepreciationPro plans and pricing
| Plan | Price | What it includes |
|---|---|---|
| Free | $0 | First client free with no expiry: one client, entity and tax return, up to 300 assets, and no credit card. |
| Solo | $49 per month or $399 per year | One user with unlimited clients, federal, state and book depreciation, Form 4562 mapping and journal entry export; billing is monthly or annual. |
| Firm | $999 per year | Three seats, then $333 per year per extra seat, with shared client data and role-based access; billed annually with no multi-year term. |
| Enterprise and Businesses | Custom pricing | Unlimited users and clients, an account manager and SLA support for firms; businesses are priced by assets, entities or locations. |
Checked November 2026.
What DepreciationPro does
- Federal and state tax depreciation
- MACRS, Section 179 and bonus depreciation are covered with all 50 states, and Forms 4562 and 4797 are mapped line by line for return preparation.
- Book depreciation next to tax
- A GAAP book view sits on each asset, journal entries export as QuickBooks, Sage Intacct or Xero files and the totals tie out to the client's trial balance.
- AI import cleanup
- AI maps import columns, normalizes more than 75 method codes and infers missing depreciation methods from messy spreadsheets, and the user previews the result before it is committed.
- Bulk edits with undo
- Bulk edit and bulk dispose apply to selected assets with a 30-second undo, and year-end rollover carries the register forward without re-entry. Selection-based edits save time at year-end, when many assets change class or are disposed together, and the undo window limits damage from a wrong click.
How DepreciationPro handles your data
The security page states TLS 1.2 or higher with HSTS, AES-256 encryption at rest through Azure Database for PostgreSQL and encrypted backups. The platform runs on Microsoft Azure, with daily backups and point-in-time restore for up to 35 days. The vendor says it does not hold a SOC 2 attestation. Firm data exports as a ZIP at any time, even after cancellation, and is deleted 30 days after account deletion. Anthropic appears among named providers, but the page gives no detail on AI data use or model training.
Where DepreciationPro falls short in practice
- Scope is US tax. The features are built around MACRS, Section 179 and US state rules. Statutory depreciation under European local GAAP or IFRS component accounting is not described on the pages we read.
- No SOC 2 report. The vendor states it holds no SOC 2 attestation, though it describes access logging and audit trails. A buyer whose procurement requires a report must ask for other evidence.
- Hosting region is not named. The security page names Azure but no region, and the privacy page says data may be processed in the United States. A European company should confirm location before loading client data.
Works with
Alternatives to DepreciationPro
DepreciationPro: common questions
What does the free plan include?
The free plan covers one client, one entity and one tax return with up to 300 assets, no credit card and no expiration. A second client or a 301st asset needs a paid plan, so it works as a real trial for a single small return.
How does the AI in DepreciationPro work?
The page describes AI that maps import columns, normalizes over 75 method codes, cleans spreadsheets and infers missing depreciation methods. A preview appears before data commits. It does not claim AI calculates depreciation, and the security page gives no detail on model providers beyond naming Anthropic.
Can I get my data out if I leave?
Yes. The security page says full firm data exports as a ZIP and Excel at any time, including after cancellation. Account deletion anonymizes user personal data immediately and permanently deletes firm data after 30 days, so export before closing the account.
Is annual billing required?
Not on Solo, which is $49 monthly or $399 annually. Firm is billed annually at $999 with three seats. The terms state no multi-year commitment, penalty-free cancellation, prorated upgrades and downgrades that take effect at the end of the billing period.
Is DepreciationPro suitable for a company outside the US?
The vendor's pricing lists a custom Businesses tier by assets, entities or locations, but the documented tax content is American. A non-US company would need to confirm local depreciation methods and statutory books in a demo before relying on it.