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The Fixed Assets depreciation system allows you to maintain as many depreciation schedules as needed for each asset. You can maintain schedules for financial reporting, Federal tax, Federal alternative minimum tax, state tax and more. As with all of Datafaction’s products, the Fixed Assets Depreciation system is completely integrated to the General Ledger. It interfaces with the General Ledger system, so that the depreciation expense and accumulated depreciation is automatically booked every month, quarter or year, at your option.
The Fixed Assets system may be configured with ease to operate in a multi-company, multi-user environment. You have the flexibility to treat each client differently in terms of number of depreciation manners used, frequency of calculation and integration with the General Ledger.
The Fixed Assets System will help you to:
"Fixed Assets" is part of the Datafaction line of products, developed by Datafaction.