CorpSystem® Fixed Assets Handle fixed asset management and asset depreciation with ease
CorpSystem Fixed Assets uses an intuitive interface, comprehensive data import and conversion capabilities to help simplify your fixed asset management and asset depreciation tasks. The program contains ready-to-file IRS forms for tax returns and easy-to-use customization options for entering asset information, viewing data, and producing reports. With minimal training requirements and complete fixed asset management, tracking and reporting features, CorpSystem Fixed Assets offers an exceptional value for any corporation.
View the details of how an asset’s current depreciation is calculated, or allocate a specific percentage of a disposition to each asset with a simple push of a button. Your day-to-day asset depreciation tasks take seconds and become effortless with CorpSystem Fixed Assets! At any time, CorpSystem Fixed Assets lets you:
Easily transfer assets from another system, with simple data conversion from major Windows® fixed asset management programs, and the ability to import data from Microsoft Excel® spreadsheets and other common file types.
Enter an unlimited number of assets, using fast and accurate electronic data importing or easy direct entry. Fixed asset management has never been easier.
Manage special bonus tax depreciation opportunities such as recent Economic Stimulus options, Go Zone depreciation and Jobs Creation Act incentives, including Section 179 limits.
Compute Section 179 and Section 280(f ) recapture.
Automatically compute listed Auto and Section 179 limits.
Allocate the available amount of section 179 among all assets.
Track assets and quickly view previous activity, allowing you to identify the other assets involved in each event.
Fixed asset management is easy with like-kind exchanges, creating “book” and continuation assets.
Dispose of partial assets or group multiple assets for simplified disposal as a single group sale, with the option to allocate the sale price on a pro-rata basis, or on an asset-by-asset basis.
Calculate negative asset depreciation.
Take advantage of the bi-directional integration between CorpSystem Fixed Assets and ProSystem fx® Tax or Global fx® that will help you save valuable time and ensure a smooth set-up of all tax return information. Link asset depreciation totals or asset details directly with ProSystem fx Tax for seamless and accurate flow of data.
Integration with CorpSystem Workpaper Manager lets you store your Fixed Assets data files or reports directly in compnay binders, simplifying your workpaper management. These workpapers can be active Excel and Word files or PDF images. Workpaper Manager even lets you automatically capture the fixed asset report name as the workpaper title and export all relevant Fixed Assets reports into a single bookmakred PDF file for easier report management during the reporting period. It's a better way to manage tax and accounting workpapers for your company.
Don't spend all your time worrying about fixed asset management. CorpSystem Fixed Assets free you up for other critical tax and accounting work.
With report customization you can select data columns, create custom headers and footers, and benefit from a variety of other page set-up, sort, and format options, like column width, font types and font sizes. To help simplify your day-to-day fixed asset management, CorpSystem Fixed Assets includes customizable Calculation, Projection, Activity and Status, Asset, and Tax Form Reports.
For closed years, you can generate Prior Year reports, or even custom ranges within the prior closed years. Next Year reports and projections are just as easy to generate, with the same flexibility.
Take advantage of the option to include all amortized assets in the same report as the depreciated assets, or in a separate report.
Subtotal options allow you to include Dispositions, specifically exclude Dispositions, or omit subtotals.
Fixed Asset Management
CorpSystem Fixed Assets helps address your specific needs by incorporating customizable options that complement extensive built-in functionality. You have the ability to:
Use global settings to standardize default formatting, settings and reporting across multiple company files for assets, books, columns, reports and report sets. You can also establish user preferences to configure the display style and simplify data input.
Create and/or modify asset details or standard asset information, such as GL account numbers, and have the flexibility to sort or filter against any of these items for display or reporting.
Modify predefined financial and tax reports, filter and sort data, set reporting periods, and define common report sets.
Create custom filters for ordering, sorting, and adjusting the asset list display and reports.
Save your recurring favorite customized reports as Report Sets for easy recall each reporting period.
Establish up to three user-defined asset depreciation books for any unique depreciation treatment needs.
Leverage a standard toolbar to display user-defined icons or customize the system-defined Fixed Assets toolbar to best increase your productivity.
Discover how our integrated software and research materials can spped your corporate tax and accounting workflow, and streamline your company's processes.
