2011 Review of MoneySoft — Fixed Asset Pro
Fixed Asset Pro includes wizards and tools for managing acquisitions and disposals, but not mass actions, partial disposals or splitting of assets. The system can handle sales, exchanges and salvage disposals. Consolidations can be performed between sub entities or departments of the same larger organization. For asset audits, the system offers asset inventory lists, but no direct integration with barcode scanners or RFID utilities. The program’s security features include optional client-level password protection.
Reporting - 4.75 Stars
Fixed Asset Pro offers exceptional reporting, with depreciation summaries for each book, monthly GL postings, acquisitions, disposals AMT, ACE, book value, personal property tax, lifetime depreciation projection and asset details. The program includes a built-in report builder that features drag-and-drop functionality and allows total customization of all aspects of reports, from placement and display of desired data to be included, to full header, footer and note design. Reports can be output to Excel, RTF and PDF. The system also prints a form 4562 report.
Import/Export/Integration - 5 Stars
Fixed Asset Pro can import and export data from/to Excel, Word, XML, RTF, PDF, Dbase, Paradox, Lotus 1-2-3, Quattro Pro, SQL and Access. This pretty much ensures that if data exists in digital format, it can be imported into the system, and the program’s data can then be exported into formats used by virtually any financial management program.
Help/Support - 4 Stars
Fixed Asset Pro’s assistive features include a traditional Help utility along with right-click tools, hot-key functions, and wizards for data import and export. The company doesn’t offer many online support tools, which are limited to live chat, FAQs, articles and a support form. Live phone-based technical support is free with the program, which can be used on modern Windows computers.
Summary & Pricing
Fixed Asset Pro can support any number of companies and assets, provides good tools for management of depreciation and Sec. 179 expenses, and has excellent reporting output and customization options. The program costs $599 for a single user, or $699 for the multi-user site license, with annual renewals priced at $189 and $269, respectively.
