In another show of the program’s flexibility, it can support any number of user customizable books per asset, with pre-built schedules already included for Federal tax, AMT, ACE and Accounting. All calculations are performed in real-time as data is entered, with users able to instantly see the effects of treatment and data changes on a single screen that displays all books side-by-side. Custom periods can also be created for financial purposes, with users able to export data for journal entries.
The program’s asset disposal functions enable accurate tracking and reporting of virtually any kind of asset activity, including splits, unsplitting, sales, transfers, full and partial dispositions and bulk dispositions, in addition to inter and intra-entity transfers. FAM’s depreciation projection capabilities allow forecasting monthly or out to 60 years.
Fixed Assets Manager offers multiple options for exporting asset data and depreciation journal entries, including to Excel, CSV and text formats, enabling import of the data into trial balance, tax and GL systems. The system is also certified to integrate with the Vertex corporate tax solution, and a version of FAM is available that offers full certified integration with SAP Business One.
Fixed Assets Manager offers comprehensive tax and financial reporting, with more than 40 standard reports that include depreciation summaries, adjusted basis, period reporting and other options, with the ability to save reports as sets, customize them using the built-in report writer, and perform advanced analysis of data. The system also offers IRS Forms 4562, 4684, 4797 and 6252. Output options include Excel and PDF.
Built-in assistance features include a traditional Help utility that offers task-specific guidance, as well as numerous wizards and guides for performing setup functions and other tasks. The Red Moon Solutions support website offers FAQs, program updates and access to training options. Technical support is included with system pricing and renewals.