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Calculates depreciation and amortization for an unlimited number of organizations.
Assets can be sorted by category, location, property code, date placed in service, user-defined fields, and any number of general ledger accounts.
Depreciation and amortization methods include straight line, various declining balance methods, sum-of-the-years, ACRS and MACRS. Override capabilities allow depreciation amounts to be manually added.
Edit checks on depreciation methods, effective dates, asset lives, luxury auto limitations, special expense (IRC 179) limitations, etc. all help you comply with federal tax laws.
Immediate tax law update notifications to help you stay compliant with federal tax laws.
Fixed asset management can be challenging and time-consuming. Cougar Mountain Software has partnered with Comprehensive Microsystems, Inc. to provide The System®, an intuitive fixed assets accounting solution that works with our Fixed Assets module. Accounting tasks that may have taken days in the past can now be completed in a fraction of the time.
Manage your assets with help from a collection of pre-formatted reports that are compliant with accounting standards and IRS regulations.
Journal entries can be printed or exported to the General Ledger module.
"Fixed Assets" is part of the Denali POS+Accounting line of products, developed by Cougar Mountain Software.