CMI Fixed Assets by Pro Systems, Inc. (formerly known as THE SYSTEM) has been on the market since 1983 and continues to be a strong choice for many companies in dealing with asset depreciation. Originally developed by CPAs for CPAs, CMI Fixed Assets is a powerful, easy to use program designed with the end user in mind. DepreciationWorks® is a database program that maintains fixed assets, computes book depreciation, supports multiple companies and an unlimited number of assets.
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ProSeries Fixed Asset Manager Includes:
Intuit ProConnect ProSeries Fixed Asset Manager is available as a compatible add-on solution for ProSeries Professional or stand-alone software.
It includes:
Easily track assets and calculate your clients' depreciation automatically. Updates include increased section 179 expense deduction limit, adjusted luxury vehicle and truck limitations, updated tax worksheets and other depreciation changes to support tax reform.
Separate values for book and tax depreciation
Ability to track asset purchases and sales throughout the year
Different Modified Accelerated Cost Recovery System (MACRS) depreciation methods
Reporting for client property tax return
Easy-to-understand depreciation schedule (including categories) along with tax returns
Toll-free U.S.-based technical support
Service and delivery
We support these forms and schedules:
Free Fixed Asset Depreciation Software
Split an asset into two or more new assets
Print monthly depreciation reports
Change information for multiple assets at one time
Calculate depreciation and track an unlimited number of fixed assets quickly
Transfer asset data to any ProSeries federal tax program
Import assets from ProSeries tax software, and automatically create ProSeries Fixed Asset Manager clients containing assets previously keyed into the tax program
Group assets by common categories and those you define
Calculate depreciation on up to six different asset bases: book, federal, state, Alternative Minimum Tax (AMT), Adjusted Current Earnings (ACE) and custom
Create your own reports with Report Wizard
Use over 35 predefined reports, including General Ledger (G/L) reconciliation, personal property projection and several depreciation reports
Set up a client template so you only enter common general ledger account numbers and categories once
Print tax worksheets for Forms 4562, 4626 and 4797
Run Section 179 expense tests and mid-quarter determinations and calculations
Automatically calculate tax preference amounts, prior-year depreciation, and gains and losses on asset sales
Project depreciation through the life of an asset
Copy assets from within a company or from one company to another
Calculate interim depreciation
Perform all listed property and luxury auto calculations and limitations
Ensure accuracy with built-in safeguards to validate entries
Customize the data entry screen to remove unused fields