- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Does anyone use depreciation software other than Lacerte for their non-tax accounting clients?
I have clients for whom I do not prepare a tax return yet do their accounting and prepare their depreciation schedules during the year. I currently have a program to do so outside of Lacerte. I am wondering if I should keep this other program as I am unsure if Lacerte would be able to maintain and calculate depreciation for assets added in 2023 for example.
Best Answer Click here
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
We use Fixed Assets CS.
Been using it since before Lacerte had the ability to do multiple (Book, Tax, AMT, States) schedules. It was called something else originally. It might have had several names. It is now a Thomson Reuters product.
Personally, if we don't prepare a tax return for the entity, I would not put the Fixed Assets in Lacerte.
EDIT: But Fixed Assets CS won't allow you to enter a 2023 acquisition or disposition if you're working in 2022; unlike Lacerte
The more I know the more I don’t know.
