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The Fixed Assets module contains a set of programs that were designed to be useful in all types of businesses. These programs are particularly useful at the end of a tax or fiscal year. All Fixed Assets programs follow current IRS guidelines.
Amortization Schedule - Calculates amortization (payments as applied to balance and interest) for tax or loan purposes based on purchase amount, annual interest rate and number of payments. Suggested payments are calculated for a given interest rate and term but may be manually overridden with the desired payment amount before the amortization schedule is generated.
Depreciation Schedule - Calculates monthly depreciation on qualifying assets based on purchase amount, salvage value, estimated life, and investment credits.
"Fixed Assets" is part of the Basic System line of products, developed by Basic Software Systems.