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Report

Description and listing of all reports

  • The
    Aggregate Asset Detail
     report summarizes component asset information for aggregate assets, organized by asset number.
  • The
    Asset Detail
     report details complete asset information for the current fiscal year, organized by group (default setting). You may also select to have the program make current depreciation equal to the year-to-date depreciation by selecting
    File
    ,
    Print
    ,
    Options
    , then
    Asset Detail
    .
  • The
    Asset List
     report prints the list of assets as they are displayed in the Asset List window. To print this report, select Print in the Asset List window.
  • The
    Balance Sheet
     report prints depreciation data, organized by the lines on the balance sheet.
  • The
    Comparative - Tax & ACE
     reports details current depreciation amounts for Tax and ACE treatments, with the differences shown in a separate column.
  • The
    Comparative - Tax & AMT
     report details current depreciation amounts for Tax and AMT treatments, with the differences shown in a separate column.
  • The
    Comparative - Tax & Book
     report details current depreciation amounts for Tax and Book treatments, with the differences shown in a separate column.
  • The
    Comparative - Tax & Trtmnt Variable
     report details current depreciation amounts for Tax and state treatments, Custom treatments, or the E&P treatment, with the differences shown in a separate column.
  • The
    Current Year Additions
     report details year-to-date asset information for the current fiscal year, by group (default setting). For each asset, the report includes the asset number, description, date in service, and cost. Only assets bought in the current fiscal year are shown.
  • The
    Current Year Disposals
     report details year-to-date disposal data (excluding retired and out-of-service assets). For each asset, the report includes the asset number, description, disposal date, disposal method, cost, gross proceeds, expense of sale, unrecovered cost, and gain\loss. Only assets acquired in the current fiscal year are shown.
  • The
    FASB #109 Worksheet
     will outline Tax depreciation, Book depreciation, the difference between the 2 treatments, as well as the cumulative difference for 25 to 50 years. The number of years included in the worksheet can be specified by selecting
    File
    ,
    Print
    ,
    Options
    , then
    FASB #109
    .
  • The
    Future Depreciation
     report details depreciation data for a future year, organized by asset group (default setting). The year defaults to the next fiscal year but may be set to the current or any future year.
  • The
    Group Summary
     report examines the beginning and ending costs and depreciation, by group. You may also choose to have the program make current depreciation equal to the year-to-date depreciation by selecting
    File
    ,
    Print
    ,
    Options
    , then
    Summary
    .
  • The
    Journal Entry
     report gives a complete listing of the proposed journal entries by reference number. Use this report to verify that Fixed Assets CS has the necessary information to make a correct journal entry to Accounting CS or Workpapers CS.
  • The
    Location Summary
     report gives beginning and ending costs and depreciation, by location. You may also choose to have the program make current depreciation equal to the year-to-date depreciation by selecting
    File
    ,
    Print
    ,
    Options
    , then
    Summary
    .
  • The
    MACRS Convention Detail
     report gives a listing of MACRS current-year assets that are included in the mid-quarter convention test. Includes subtotals for the last three months of the current tax year and the remaining months.
  • The
    Property Detail
     report details asset information organized by
    Date in service
     (default setting) or by
    Property type
     (optional setting) as required for some state or local property taxes. You may also specify a different year for this report to begin analyzing client data.
  • The
    State Depreciation Adjustment
     report calculates the addback amount for states that require an addback of a percentage of the bonus depreciation taken on Federal Form 4562 and/or 2106. The states that require an addback are listed in
    Print
    ,
    Options
    , then
    State Adjustment
    .
  • The
    Tax Current Year Transfers
     report outlines the year-to-date transfer data.
  • The
    Tax Qualified Property
     report prints the list of all assets that qualify for the Qualified Business Income Deduction (Section 199A).
  • The
    Tax Summary
     report prints the beginning and ending costs and depreciation by group (default). You can change the default in
    Print
    ,
    Options
    , then
    Presentation
    .
  • The
    Yearly Comparative Depreciation
     report gives 7 years of comparative depreciation data, beginning with the current year (default) or any future year that you specify.

This article applies to:

  • Product: Fixed Assets CS

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