Fixed Assets

Fixed Assets helps you analyze tax and cash-flow implications for assets before acquiring them, as well as tracking their valuation and depreciation.

Use Fixed Asset's functions to evaluate leases, amortize loans, and experiment with depreciation strategies before you make a capital commitment. You can also use a full range of financial and management reports to manage investments and meet tax reporting requirements.

Fixed Assets provides a set of IRS-supplied depreciation tables and supports MACRS, ACRS, straight line, sum-of-the-year digits, and declining balance recovery methods.

Frequently used functions

The most frequently used functions are on the Setup and Maintenance and Period Work menus. Use these functions for the following tasks:

• Enter new assets and edit existing assets.
• Retire assets.
• Compute and post period depreciation.
• Print reports

Period Work

Use the Period Work functions to compute, check, and post depreciation for your assets. You should perform period work at regular intervals based on the method of depreciation and the number of periods in the fiscal year.

• Use Compute Period Depreciation to calculate the depreciation of active assets.
• Print the Period Depreciation Report to produce a journal of the accumulated depreciation taken.
• Post Period Depreciation to post the calculated deprecation for selected periods.

Forecasting and Year-End functions

Forecasting and Year-End functions are on the Forecasting and Year-End menus. Use these functions for the following tasks:

• Analyze lease vs. buy effects to your tax burden.
• Run trial depreciations to see the effects of various depreciation methods and other variables.
• Print year-end tax and annual reports.

Reports

Reports provide a means of seeing the information stored in the system. Use the Reports menu functions to select the information for your reports.

Interactive Views

With the functions on the Interactive Views menu, you can view but not change the following payable information:

• Asset information
• Depreciation information
• Asset Service information
• Retired Asset information

Use these functions if you need to examine (but not change) an asset record, depreciation information, an asset’s service records and retired asset information.

Interfaces

Fixed Assets can be interfaced with General Ledger.