ProSystem fx® Fixed Assets Simplify all your fixed asset accounting, management and depreciation tasks
Leverage Superior Technology
Experience the flexibility of a complete asset tracking, management, and reporting solution with ProSystem fx® Fixed Assets. The program uses ready-to-file IRS forms for tax returns and easy–to–use customization options for entering fixed asset accounting information, viewing data, and producing reports.
As a result, ProSystem fx Fixed Assets is a solution that satisfies your firm's needs and accommodates each user's preferences.
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Simple Asset and Depreceation Management
ProSystem fx Fixed Assets incorporates superior technology to simplify all your asset management and depreciation tasks. 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. With ProSystem fx Fixed Asset, you can also:
Enter an unlimited number of assets.
Customize your main Asset List with the choice of approximately 400 field selections including fields from different books.
Maximize Section 179 and automatically allocate the available deduction by date in service or longest lives.
Easily handle like-kind exchanges and continuation assets for groups, GAAP treatment, Section 1.168(i).
Track like-kind exchanges with ease using the like-kind exchange tab.
Dispose of partial assets or group multiple assets for simplified disposal as one unit.
Split assets into a maximum of 99 separate assets.
Compute Section 179 and Section 280(f ) recapture.
Automatically compute listed Auto and Section 179 limits.
Calculate negative depreciation.
Leverage a standard toolbar to display user-defined icons or customize the system-defined Fixed Assets toolbar to best increase your productivity.
Create filters at a global level, then access them from within any ProSystem fx Fixed Assets file.
Open any client file accessed within the last two years of the current ProSystem fx Fixed Assets software version.
Combine a previously split asset using the Undo Split function.
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
Easily import your data from a Microsoft® Excel® file using the user-defined import feature. You can append or overwrite your existing assets, allowing you to quickly create a Fixed Assets file from your existing data.
Revolutionize Your Reporting
Instead of spending hours creating custom reports, ProSystem fx Fixed Asset can help you focus on higher-value services by handling the reporting for you:
With report customization, you can select data columns, create custom headers and footers, and benefit from a variety of format options. You can even modify reports before they are printed.
To help simplify your day-to-day asset management, our Fixed Assets Accounting software includes customizable Calculation, Projection, Activity and Status, Asset, and Tax Form reports.
For closed years, you can generate prior year reports.
Expand your reporting capabilities with the flexibility to generate a next year report with settings to adjust based on reporting period.
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.
Utilize column selections, available in the Report Properties of many reports, to choose from over 100 data fields. This allows for further flexibility for your reporting needs. Additionally, the Asset List Report allows over 400 field selections, including fields from different books.
Streamline Workflow and Save Valuable Time
Take advantage of the bi-directional integration between ProSystem fx Fixed Assets and ProSystem fx® Tax and Global fx that will help save you valuable time and ensure a smoother set-up of all tax return information. Link asset and depreciation detail directly with ProSystem fx Tax for easy import and export of:
Company and asset information.
Depreciation information in full detail or as totals.
Disposed asset information for reporting tax gains and losses.
State depreciation adjustments.
Integration with ProSystem fx® Engagement lets you store your ProSystem fx Fixed Asset accounting files and report PDFs in ProSystem fx Engagement binders, streamlining your document management. You can also append the Report Name/Subtitle when exporting to ProSystem fx Engagement, or combine multiple ProSystem fx Fixed Assets reports into a single bookmarked PDF.
