Thomson Reuters

A flexible software system that enables you to meet all your clients' asset management needs. Featuring advanced technology and unprecedented flexibility, Fixed Assets CS enables you to quickly and easily customize the way asset data is organized, maintained, and presented.

As part of the CS Professional Suite, Fixed Assets CS seamlessly integrates with Write-Up CS and UltraTax CS® -- asset information is always available to each program, you never have to re-enter data.

Fixed Assets CS has received 5 out of 5 stars from The CPA Technology Advisor. 
 

With Fixed Assets CS, you can:

• Dramatically reduce data-entry time -- Fixed Assets CS automatically fills in the methods and lives for each asset.
• Instantly customize the way asset data is organized and presented.
• Display calculations used to arrive at the depreciation value, for any treatment used.
• Group multiple assets and sell or trade as one -- or divide a single asset into multiple assets and sell or trade individually, based on number of units or percentage.

Why choose Fixed Assets CS?

• Remarkable Ease of Use: With its logical and easy-to-follow file-folder format, intuitive graphical interface, and flexible, customizable asset sorting options, Fixed Assets CS simplifies the process of adding, changing, and disposing assets.
• Smarter Data Entry: By presenting only the appropriate data entry options, Fixed Assets CS minimizes the chance of inaccurate calculations.
• Fast, Comprehensive Calculations: With the ability to calculate depreciation up to ten ways, including four user-defined treatments for each asset, Fixed Assets CS can handle virtually any situation.
• Time-Saving Integration: Because this powerful program seamlessly integrates with Write-Up CS® and UltraTax CS®, asset information is always available to each program -- you never have to re-enter data.

Whether you're a practicing accountant with many clients, or a corporate accountant managing assets for your business, Fixed Assets CS offers the features that turn fixed asset management into an efficient, well-organized process.

• Method/Life Wizard: Save time as the methods and lives for an asset are automatically filled in.
• Disposal Wizard: Walk through disposal data entry with on-screen explanations of the amounts that should be entered and the appropriate form instructions; IRS publication, IRS regulation, and IRS code sections.
• Display Calculation: Display the calculations used to arrive at the depreciation value for any treatment used.
• Asset Grouping: Group multiple assets and sell or trade as one.
• Asset Division: Divide a single asset into multiple assets and sell or trade individually, based on number of units or percentage.
• Standard and Custom Reports: Enjoy extensive sorting capabilities and choose from an extensive library of standard reports, or design and print your own custom reports.
• Asset Inventory Module: Ensure accurate and efficient inventories and automatically update asset information within the system.
• Multiple Depreciation Methods: Calculate depreciation using MACRS, ACRS, Straight-Line, 200/150/125% Declining Balance, Sum-of-the-Years' Digits, Units of Production, Amortization, and up to 99 user-defined methods.
• Seamless Integration: Save significant time and reduce data entry errors as asset information from Fixed Assets CS flows seamlessly into UltraTax CS and Write-Up CS.
• Bonus Depreciation: Make automatic bonus depreciation calculations (Sections 168(k) and 1400N, including GO Zone Section 179 limits) for federal and applicable state returns.

Thomson Tax & Accounting products are designed for professional production work. Our system requirements are based on the assumption that professional accounting firms replace their computer hardware and operating systems approximately every three years.

While our products may operate on less powerful hardware and operating systems, we do not believe it will perform at a level suitable for production work in those environments. Of course, as processing speed and RAM are increased, software performance will also improve.

We recommend workstation class computers, which generally offer higher levels of performance than desktop models when running business applications.

For a complete listing of systems requirements for the CS Professional Suite, click here.