CharterHouse FADS allows to properly manage one’s fixed assets and streamline the various fixed-assets related functions. Features include: maintenance of five (5) books, support of tax filing requirements (filing of form 4562, Investment Tax Credit (ITC), 179 Option, Mid-quarter convention and luxury, electric vehicle, trucks and van cap), depreciation budget schedule, maintenance and warranty tracking, barcodes, asset image files and more.
FADS generates a GL account distribution text file that can be used in importing the information to any General Ledger system. It also seamlessly integrates with AccountMate’s General Ledger module SQL version 5.0, 6.0 and 6.5. CharterHouse provides reasonable Annual Subscription to keep one’s investment current.
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