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state reports

Level 1

Can state depreciation reports be run out of FAM?

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2 Comments 2
Level 10
Level 10

Sure.... As long as you opted to include state depreciation when you set up the client.  

Reports>>>Display Reports>>in the Print Preview>.. the Use Basis section... just click on State instead of Fed, or AMT, or Book...whatever.

If you didn't elect to include 'State' when you first set up client, then try this:

File>>>Client Information>>> Basis Tab>> and click on the State button.. will do a rebuild I think.



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Level 11

The reports can be set up in Fixed Asset Manager and you can simplify by using FedBasis for the assets where Fed and State depreciation are the same.  Change for where they don't.  But when importing into ProSeries make sure you double check state decoupling amounts as they may not transfer correctly.  State depreciation is a weak spot of Fixed Asset Manager.