A fixed asset management application designed by CCH for accommodations & food services companies.
With just a few clicks of your mouse, you can take your fixed asset accounting, depreciation, management and reporting tasks from overly complicated to absolutely clear. The intuitive interface of CCH ProSystem fx Fixed Assets software allows you to view the details of how an asset’s current depreciation is calculated. You can allocate a specific percentage of a disposition to each asset – all with the simple push of a button.
In addition to comprehensive data import and conversion capabilities, you’ll have access to ready-to-file IRS forms for tax returns and easy-to-use customization options for entering fixed asset accounting information, viewing data and producing reports.
Fixed Assets software has endless time-saving features that give you the ability to:
Fixed Assets helps address your specific needs because it offers customizable options that complement built-in functionality. For example, you’ll be able to:
Customize your main Asset List with a choice of approximately 400 field selections, including fields from different books.
Adjust global settings to create customized defaults for assets, books, columns, reports and report sets. Create and/or modify property types specific to your needs.
Enter or modify sales tax, sales tax rate, and estimated market value of an asset on a new Property Tax tab with easy entry dialog.
Modify pre-defined financial and tax reports, filter and sort data, set reporting periods and define common report groups.
Create custom filters for ordering, sorting and adjusting the Asset List display and reports.
Establish preferences to configure the display style and simplify data input.
Add user-defined asset detail to standard asset information entries, such as G/L, account number, serial number, category and location.
Establish up to three user-defined depreciation books for any unique depreciation.
Enter an unlimited number of assets for each client.
Create up to eight different books - including Financial, Federal Tax, AMT, ACE, State Tax, and three user-defined books - viewable side-by-side on one screen.
Calculate and maintain the following types of depreciation simultaneously:
Calculate negative depreciation.
Automatically compute listed Auto and Section 179 limits.
Compute Section 179 and Section 280(f) recapture.
Dispose of partial assets or group multiple assets for simplified disposal as one unit.
Easily handle like-kind exchanges.
Project all depreciation types for the depreciable life of an asset.
Produce various standard financial and tax reports, including:
Generate ready-to-file IRS forms for inclusion in tax returns, including Forms 4562 and 4797.
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