Fixed Asset Manager And Enhanced Asset Management

Add or Dispose: Allows you to add an additional asset or dispose of an asset. All type of dispositions are able to be completed.

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

Sorting: Assets can be sorted by activity and date placed in service.

Bulk Dispositions: Combines assets of the same property type into one disposition reporting transaction.

Current/Prior Year Depreciation: The current year and prior accumulated depreciation is calculated based on the date in service and asset categorization. You can accept or modify the system calculated prior depreciation for assets.

Duplicate or Split: Allows you to duplicate the asset information for an asset or split an asset into multiple assets based on units, cost/basis or percentage. See Duplicating Assets and/or 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).

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

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.

Book Deprecation: Allows you to calculate book depreciation using the Book Depreciation column on the Depreciation and Section 179 tab. You can also run reports related to book depreciation.

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, including custom reports. See Reports Overview.