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R4’s Fixed Asset module integrates with the GL module to book monthly depreciation or amortization amounts. The Fixed Asset module also calculates both book and tax (federal and state) depreciation. The Fixed Asset module supports multiple depreciation methods such as Straight-line, Double declining balance, declining balance, sum of the years, AMT, etc. as well as multiple books (Internal, Federal, State and AMT).

You will find reports such as:

  • Asset additions and retirements
  • Depreciation taken monthly and YTD
  • Depreciation projections for budgeting and net asset value reporting

Additionally, prepaid expenses, long-term deferrals and intangible assets can be maintained on the FA module.

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