Fixed Asset Manager And Enhanced Asset Management

Add or Delete: Allows you to add an additional asset or delete an asset.

Duplicate: Allows you to duplicate the asset information section for an asset, saving you data entry time. See Duplicating Assets.

Reports: Helps you manage and track your clients’ assets using standard or customized reports.

Fixed Asset Manager includes three basic reports on Form 4562. The Enhanced version has expanded reporting capability. See Reports Overview.

Split: Splits an asset into multiple assets based on units, cost/basis or percentage. See Split Assets.

Multiple Asset Account: Allows you to report a single depreciation total on Form 4562 for a group of related assets. See Multiple Asset Account (Mass Asset).

Maximize 179: A quick way to populate several current year assets with a section 179 deduction equal to the Cost (times bus %). See Maximize 179.

Move: Allows you to re-assign one asset at a time or re-assign multiple assets to a different business activity.

Bulk Sales: Links the assets together into one sale with one sale price.

Prior Year Deduction: Allows you to accept or modify system calculated prior depreciation for assets (including listed assets).

Classifications: Allows you to identify and characterize similar assets, gathering them into groups, locations, or any custom classification. See Classifications.

Summary Information: Allows you to see a summary by group (based on what is selected in the Group by: filter on the Navigation pane), 179 limit information, and MQ summary. See Summary Information Pane.