Fixed Asset Management

Track fixed assets and manage depreciation calculations. Create accurate financial reports, maximize tax benefits, and meet compliance requirements. Maintain complete visibility of fixed assets and depreciation calculations. Add fixed assets directly from AP purchases, import from a file, or add individually. Select from a large inventory of pre-defined depreciation schedules or create custom schedules for accurate accounting and reporting. Track tax and reporting scenarios independent of general ledger postings.

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Multiple Depreciation Methods predefined depreciation schedules or create your own.
Tax Benefit Support multiple calendars and depreciated books; and tax benefit recapture to comply with complex tax rules.
Easily convert purchases into fixed assets without re-entering data.

Additional Features:

Multiple Depreciation Books

Create multiple depreciation books tax and reporting purposes that do not update the general ledger. Assign tax and reporting fiscal years that are independent of your actual financial ledger.

Multiple Asset Types

Manage multiple property types including owned property, leases, rentals, and granted property. Track assets that are leased or rented to others.

Multiple Averaging Options

Select different averaging methods including full period, mid-period, next period, modified half period, full quarter, full year, full day, and more.

Fixed Asset Tools

Make mass changes to several fixed assets with one entry including depreciation schedule processing, releasing fixed asset transactions, converting purchases to fixed assets, and generating fixed asset calendars.

Fixed Asset Classes

Create fixed asset classes to group assets and simplify entry of commonly used schedules.

Fixed Asset Reporting

Manage asset acquisitions, disposals, asset balances, asset net values, future projections, and depreciation transactions through built-in reports. Drill down to view transaction details.

US Tax Bonuses

Support calculations required under IRS Section 179 for reduced first year depreciable basis as well as reversals on early asset disposal.

Schedule Depreciation

Setup depreciation classes and schedule depreciation.

Fixed Asset Reporting

Easily create and schedule fixed asset reporting.

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