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:
MACRS
Listed Auto
Sum-of-the-Years Digits
Declining Balance
ACRS
Section 179
Amortization
Units of Production
Straight Line
Indian Reservations
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:
Depreciation Expense Report
Asset Notes Report
Depreciation Expense Comparison
Depreciation Variance
Detail Projection
Net Book Value
Multiple Period Projection
Disposition Report
FASB 109 Projection
Journal Entry Report
Alternative Minimum Tax
Form 4562 Worksheet
Annual Activity Report
ACE Worksheet
Asset Information Report
Generate ready-to-file IRS forms for inclusion in tax returns, including Forms 4562 and 4797.