Is OSAS right for your business?

OSAS is a great fit for many businesses. Find out if it's the right choice for you! Are you looking for a OSAS demo, technical support, product or pricing information or to simply to compare OSAS with competitive options? Quickly get answers and the information you need.

You need to analyze the tax and cash-flow implications of assets before you acquire them. Once you have them, you need to track their valuation and depreciation. You can do that with OSAS Fixed Assets application. It will help you make wise decisions about when to buy, when to lease, and how to manage your capital for maximum return. You’ll also have the full range of financial and management reports you need to manage your investments and meet tax reporting requirements.

Make sound management decisions, meet government reporting requirements, and save time.

Forecasting tools help you evaluate leases, amortize loans, and experiment with depreciation strategies before you make a capital commitment. You can keep an eye on your depreciation options with four depreciation books that let you track four sets of depreciation information. And, you can retire assets at any time. Track the difference between estimated depreciable and actual service life, and calculate the cost or proceeds from the retirement of an asset.

You’ll stay up to date with tax law changes. Fixed Assets provide a set of IRS-supplied depreciation tables and supports MACRS, ACRS, straight line, sum-of-the-year digits, and declining balance recovery methods. Flexible tables help you make changes easily to stay current with tax laws. You’ll also be able to satisfy government reporting requirements easily; Fixed Assets puts the information at your fingertips.

OSAS Fixed Assets Offers Choices and Flexibility With These Key Features

  • You can calculate depreciation for a combination of books. They include book, federal tax, alternative minimum tax, and other (such as state or local).
  • Eliminate manual journal entries. The OSAS General Ledger interface records accumulated depreciation expense entries automatically when you post.
  • You can change the system to conform to your tax assessment and reporting needs with user-definable tax districts.
  • Group related assets for reporting purposes or link additions and adjustments to original assets by using multiple-part asset IDs.
  • You can modify the system to conform to the way your business is organized with user-definable location fields. You can use Fixed Assets as a stand-alone application, or you can increase its power and versatility by integrating it with other OSAS applications. Its online connection with General Ledger lets you look up and verify GL account numbers from Fixed Assets, post book depreciation information to General Ledger, and update your accumulated depreciation and depreciation expense accounts automatically. By adding GENERAL Report Writer, you can create custom reports and transfer data to business tools such as word processors, spreadsheets, and database managers.
  • Date and time stamping all reports helps to assure accurate data analysis.

Fixed Assets Reports

  • Period Depreciation Journal
  • Lease vs. Buy Analysis
  • Trial Depreciation Schedule
  • Additions Journal
  • Retirements Journal
  • Assets Value Report
  • Depreciation Comparison Report
  • Credit Recapture Report
  • Property Assessment Schedule
  • Percent of Business Use Report
  • Gains and Losses Report
  • Depreciation Summary Report
  • Credit Summary Report
  • Depreciation Tax Report (for IRS Form 4562)

Related Products

The following software product lines are also offered by Open Systems: