Fixed Asset Manager 2021

Forum|Forum|4 years ago
December 3, 2021
9 replies
28 views

When is the expected release date for Fixed Asset Manager 2021?

ProSeries Fixed Asset Manager

This topic has been closed for replies.

IRonMaN

Level 15

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/2021-fixed-asset-manager/00/182618

Slava Ukraini!

G

Greta

Level 7

What is the fixed asset manager? Is it the depreciation report?

dd4vols

Intuit Community Champion

Very informative! But don't the regular Depreciation reports do much the same? The personal property tax for local taxing authorities is indeed the problem. One local rural Virginia PP tax is so onerous that clients would rather not deduct a piece of equipment in their tax return just to avoid the dreaded PP tax levy. Folks don't understand why they keep paying PP taxes on even old pieces of equipment. I bought my office desk in 1976 and I still pay PP tax on it. A music teacher client pays enormous PP taxes on piano & instruments, though her net business income is negative. Problem is that our small rural community has 53 churches and two colleges, and there are few others to tax but struggling businesses.

It might not fit your office. I do tons of 1065 and 1120S and a few even 1120 returns. The Personal Property feature is the reason I keep it. That, and If I discontinue, I WOUILD have to re-enter every client's every asset into their return the year I discontinue. ProSeries does not roll over imported asset info to the following year.

And there are some really neat and useful printing and sorting options by location, asset type, etc. Like a franchisee with diff locations, etc.

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