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Asset Import tabs

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Use the
Asset Import
 tabs to import asset information from the Fixed Assets Inventory module or from UltraTax/1040 Web Client Organizer, or to modify association values for assets that were disposed during the prior year.
The
Asset Import
 tabs appear on the
Asset List
 window if asset data is available to import from the Fixed Assets Inventory module or UltraTax/1040 Web Client Organizer. The tabs that appear vary depending on the activity that's selected in the folders block.
note
The Prior Year Disposals/Transfers tab appears for clients with assets that were disposed during the prior year if the
Display prior year disposals/transfers that occurred during the personal property assessment period ending
 checkbox is marked in the
Setup
,
Options
, then
Asset List
 tab.
You may see up to three
Asset Import
 tabs at one time. See the following descriptions about each tab, including details about accepting, discarding, or modifying information in each tab.
note
After you accept or discard all data in a tab, that tab no longer appears.
Acquisitions tab
This tab lists information for new assets that were entered in the Fixed Assets Inventory module or on the Depreciation - Asset Acquisitions form in the UltraTax/1040 Web Client Organizer.
  • Accepting
     information in this tab adds the asset to the client using the next available asset number. Then, the
    Asset Detail
     window opens for the new asset, where you'll need to enter the asset information.
  • Discarding
     an asset that is listed in this tab deletes the asset.
Disposals/Transfers tab
This tab lists asset disposal information that was entered in the Fixed Assets Inventory module or on the Depreciation - Asset List form in the UltraTax/1040 Web Client Organizer.
  • Accepting
     information in this tab transfers the disposal information to the asset with the same asset number in the
    Asset List
     window. Then, the
    Disposal
     tab of the
    Asset Detail
     window opens for the disposed asset and the application enters the disposal information.
  • Discarding
     an asset that is listed in this tab deletes the asset.
Updates tab
This tab lists any home office or vehicle information that was entered in the Fixed Assets Inventory module or on any of the following UltraTax/1040 Web Client Organizer forms: 8829, 2106, or the Auto Worksheet.
  • Accepting
     information in this tab transfers the home office or auto information to the asset with the same asset number in the
    Asset List
     window. Then, either the
    Vehicle/Listed
     tab or the
    Home Office
     tab of the
    Asset Detail
     window opens for the asset and the application enters the updated home office or auto information.
  • Discarding
     an asset that is listed in this tab deletes the asset.
Prior Year Disposals/Transfers tab
This tab lists any assets that were disposed or transferred during the prior year. These assets are needed for California, Florida, Georgia, and Virginia personal property tax returns. You can modify the association values that are assigned to assets listed in this tab that affect the personal property tax return being processed for the client.
This tab appears only when both of the following conditions exist.
  • All changes in the Updates tab are either accepted or discarded.
  • The
    Display prior year disposals/transfers that occurred during the personal property assessment period ending
     checkbox is marked in the
    Setup
    ,
    Options
    , then
    Asset List
     tab.

Fields & buttons

Asset list
This list contains asset information that was imported from the Fixed Assets Inventory module or from UltraTax/1040 Web Client Organizer forms. The information in this list depends on which Asset Import tab is selected and which activity folder is selected in the folders block.
Accept / Modify button
Select this button to accept the information for the currently selected asset. The asset will be added to the client.
note
  • After you either accept or discard all data in a tab, that tab no longer appears.
  • This button is named
    Modify
     in the
    Prior Year Disposals/Transfers
     tab. Select this button to modify the association values that are assigned to the asset.
Discard button
Select this button to discard the information for the currently selected asset. The information will be deleted.
note
After you either accept or discard all data in a tab, that tab no longer appears.
Accept All button
Select this button to accept all inventory information that appears in the current
Asset Import
 tab.
note
This button appears only when the items in the
Asset Import
 tab are from the Fixed Assets Inventory module.

This article applies to:

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