Choice Fixed Assets

Choice Fixed Assets is a flexible and powerful fixed assets accounting and reporting system.Easy to learn and easy to use, it is designed for accountants in public practice, private industry, and government positions to eliminate record-keeping and calculation headaches!Contains the Features Found in Systems 5 Times the Price! All current tax and financial depreciation methods are allowed Depreciation information can be maintained for up to five separate schedules. Schedules can be maintained for book (B), federal tax (T), state tax (S), alternative minimum tax (A), adjusted current earnings (C) and other (O) MACRS half-year, mid-quarter and mid-month conventions are automatically calculated and applied as appropriate Depreciable basis and ITC basis are automatically adjusted when IRC 179 expense elec?ion is used. A warning is printed if IRC 179 assets Exceed code limitations Depreciation, IRC 179 expense, and ITC are automatically limited on assets identified as ?uxury autos? and on assets with less than 100 percent business use Depreciation schedules print by year, month and quarter Projects depreciation expense for 5 and 10-year periods A utility program is provided to make creation of AMT and ACE depreciation schedules almost automatic, saving hours of expensive time when compared to manually creating and entering this data Monthly, quarterly or annual Journal entries for depreciation and IRC 179 expense are available in hard copy or in a data file for import to your general ledger system Recalculates and prints historical depreciation from acquisition date to the present time Depreciation schedules can be printed on 8 1/2 x 11 inch or 14 7/8 x 11 inch paper. Tax worksheets are printed in 8 1/2 x 11 inch format .