Fixed Assets CS

A fixed asset management and depreciation software designed for accounting professionals and businesses.

Product Overview

Fixed Assets CS is a depreciation and asset management software designed for accounting professionals. It offers a range of features for tracking and managing fixed assets, including various depreciation methods, detailed reporting capabilities, and integration with UltraTax and other CS Professional Suite products.

The system also allows users to create custom reports, set up business activities, assign images to assets, and work with short-year clients.

Pros

  • Integrates with UltraTax
  • Supports multple depreciation methods, including straight-line, MACRS, ACRS, and more
  • Automates calculating federal and state depreciation differences

Cons

  • Unable to import assets with specific depreciation methods
  • Lengthy setup and customization process
  • Lacks an audit trail feature

Target Market

Accounting firms and businesses that need to manage fixed assets and depreciation for multiple clients or entities.

Features

  • Depreciation Methods: Supports various depreciation methods, including Straight-Line, MACRS, ACRS, Units of Production, Sum-of-the-Years Digits, and multiple declining methods.
  • Automatic Calculations: Automatically calculates depreciation based on the asset’s method, life, and the date it was placed in service. It can handle monthly, quarterly, or annual calculations.
  • Asset Lifecycle Management: Includes tools for mass dispositions, transfers, disposals, asset acquisition, splits, consolidations, and sales.
  • Customizable Reporting: Users can generate predefined or custom reports, including forms 4255, 4562, 4797, ns FASB 109. Reports can be saved in Excel or PDF.
  • Integrations: Integrates with other CS Professional Suite products, including UltraTax GS, and GoSystem Tax RS.
  • Customizable Data Entry: Offers customization options for asset data entry, including user preferences, client-specific options, and field navigation.

Product Overview

Developer Overview

  • Name Thomson Reuters
  • Year Founded 2008
  • Headquarters Tucson ,Arizona ,USA
  • Type Public (NYSE: TRI)
  • Est. Size 500-1k employees
  • Est. Revenue $1M-$10M

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