Meet All Your Clients' Asset Management Needs
Whether you're a practicing accountant with many clients, or a corporate accountant managing assets for your business, Fixed Assets CS offers the features that turn fixed asset management into an efficient, well-organized process. Fixed Assets CS is part of the CS Professional Suite and fully integrates with other suite applications.
Fixed Assets CS offers:
- Method/Life Wizard—Save time as the methods and lives for an asset are automatically filled in.
Several easy-to-use wizards do the work for you. With the Method/Life Wizard, you can choose from a list of predefined asset classes.
- Disposal Wizard—Walk through disposal data entry with on-screen explanations of the amounts that should be entered and the appropriate form instructions; IRS publication, IRS regulation, and IRS code sections.
- Display Calculation—Display the calculations used to arrive at the depreciation value for any treatment used.
- Mass Dispositions—Group multiple assets and sell or trade as one.
- Asset Division—Divide a single asset into multiple assets and sell or trade individually, based on number of units or percentage.
- Standard and Custom Reports—Enjoy extensive sorting capabilities and choose from an extensive library of standard reports, or design and print your own custom reports.
- Asset Inventory Module—Ensure accurate and efficient inventories and automatically update asset information within the system.
- Multiple Depreciation Methods—Calculate depreciation using MACRS, ACRS, Straight-Line, 200/150/125% Declining Balance, Sum-of-the-Years' Digits, Units of Production, Amortization, and up to 99 user-defined methods.
- Seamless Integration—Save significant time and reduce data entry errors as asset information from Fixed Assets CS flows seamlessly into UltraTax CS and Write-Up CS.
- Bonus Depreciation—Make automatic bonus depreciation calculations (Sections 168(k) and 1400N, including GO Zone Section 179 limits) for federal and applicable state returns.
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