Fixed Asset Pro

Fixed Asset Pro is a comprehensive fixed asset management and depreciation software system designed to assist small and mid-sized businesses and organizations in accurately calculating depreciation and preparing reports for financial, accounting, tax, and management purposes. According to the vendor, this solution offers a range of features that can benefit various professions and industries.

Key Features

Flex View: According to the vendor, Fixed Asset Pro provides dynamic views of asset data with customizable fields, sub-totals, sorting, and searching options. The software offers over 20 pre-set views and the ability to create custom views. It also allows for exporting data to Excel and CSV formats for generating custom reports.

Asset Information at Your Fingertips: The vendor claims that Fixed Asset Pro offers easy access to detailed information on each asset. Users can search and drill down to access asset details. The software allows for classifying assets into user-defined groups/categories, and users can assign location, department, G/L account numbers, personal property type, and more to each asset.

Powerful Reporting for Accounting, Tax, and Management Control: Fixed Asset Pro reportedly provides robust reporting capabilities for depreciation, acquisitions, and disposal. Users can create journal entries using GL account codes. The software produces tax reports for forms 4562 (Depreciation), 4797 (Sale of Property), and Personal Property Tax reports. Reports can be exported to Excel, PDF, and Word formats for further manipulation.

All the Depreciation Methods You Need: According to the vendor, Fixed Asset Pro includes 68 depreciation methods and supports 6 different books for depreciation calculations. It covers various calculations such as half-year/mid-month/mid-quarter, bonus depreciation, and Section 179. The software is continually updated to reflect the latest changes in tax and depreciation rules.

Complete Accounting and Tax Info for Each Asset: Fixed Asset Pro allows users to store accounting and tax information for each asset. The software facilitates maintaining asset inventory and tracking assets throughout their entire lifecycle, from CIP (Construction in Progress) to disposal. According to the vendor, the software automatically applies depreciation rules and calculates depreciation throughout the asset lifecycle.