ProSeries^® Fixed Asset Manager

The fixed asset accounting software from ProSeries allows you to easily track assets and calculate your clients' depreciation automatically.

ProSeries Fixed Asset Manager is available as a compatible add-on solution for ProSeries Professional or stand-alone software. It includes:

• Separate values for book and tax depreciation
• Ability to track asset purchases and sales throughout the year
• Different Modified Accelerated Cost Recovery System (MACRS) depreciation methods
• Reporting for client property tax return
• Easy-to-understand depreciation schedule (including categories) along with tax returns
• Toll-free U.S.-based technical support
• Service and delivery

Features

With ProSeries fixed asset accounting software, you can:

• Split an asset into two or more new assets
• Print monthly depreciation reports
• Change information for multiple assets at one time
• Calculate depreciation and track an unlimited number of fixed assets quickly
• Transfer asset data to any ProSeries federal tax program
• Import assets from ProSeries tax software, and automatically create ProSeries Fixed Asset Manager clients containing assets previously keyed into the tax program
• Group assets by common categories and those you define
• Calculate depreciation on up to six different asset bases: book, federal, state, Alternative Minimum Tax (AMT), Adjusted Current Earnings (ACE) and custom
• Create your own reports with Report Wizard
• Use over 35 predefined reports, including General Ledger (G/L) reconciliation, personal property projection and several depreciation reports
• Set up a client template so you only enter common general ledger account numbers and categories once
• Print tax worksheets for Forms 4562, 4626 and 4797
• Run Section 179 expense tests and mid-quarter determinations and calculations
• Automatically calculate tax preference amounts, prior-year depreciation, and gains and losses on asset sales
• Project depreciation through the life of an asset
• Copy assets from within a company or from one company to another
• Calculate interim depreciation
• Perform all listed property and luxury auto calculations and limitations
• Ensure accuracy with built-in safeguards to validate entries
• Customize the data entry screen to remove unused field