Red Moon Solutions, LLC - Fixed Assets Manager
In-house by organizations with extensive asset management needs, including multi-location and multi-departmental entities, or by accounting firms providing services to such clients.
- Exceptional reporting
- Integration with ERPs & with Vertex for corporate compliance
- Broad customization options
- Multi-entity consolidation functions
- Extensive calculations
- Installed & hosted options
- Moderate in-system Help features
Used by several companies in the Fortune 500 and Global 1,000, Fixed Assets Manager from Red Moon Solutions offers a comprehensive asset depreciation and management system that offers strong reporting and planning capabilities, and can support any number of entities and assets. The system enables the customization of any number of books per asset and grouping of assets by department or other category. It includes built-in calculations for all common methods and treatments, including recent bonus depreciation and Sec. 179 expensing provisions. The program is available as a hosted solution or can be networked on a company’s own systems.
Basic System Functions - 4.75 Stars
During initial setup of Red Moon’s Fixed Assets Manager, wizards guide users through entry of company and asset information, including import functions and manual entry of assets, which is aided by the ability to duplicate companies and assets, and also by default templates. The program opens into an intuitive interface with traditional pull-down and icon menus across the top of a split-paneled screen that includes an expandable navigation menu on the left and asset lists and books for the currently open company.
The left-side menu displays the company’s departmentalization, enabling quick filtering and access to assets within a specific group, location or other defined part of the organization. Asset lists are shown on customizable spreadsheet screens that include extensive summary information. Navigation menus can be customized, with the system allowing users to move columns as desired, and asset data views can also be arranged to user preferences. An unlimited number of user-defined fields can also be created for tracking any data, including GL numbers and cost centers.
When an asset is selected, the interface opens into a view of all books with live data fields and automatic calculation features. Tabs ease movement between the book views, periods, accounting information, transactions, ITC, UOP, advanced data, attached images/files, and notes. Users can easily make changes to convention, method, life and other data, or perform asset disposal actions. Advanced search functions can look through all asset data to find queried terms.
Red Moon’s Fixed Assets Manager can be used to manage asset bases of any size for any number of organizations and their subsidiary units. With either the site licensing or hosted model of the program, multiple concurrent users can access the system simultaneously, with lockout protections preventing overwrite. Security features include client and asset-level settings.
Core Asset Management Features - 4.75 Stars
Fixed Assets Manager is comprehensive in its support for depreciation methods and conventions, including built-in calculations for MACRS 150% and 200%, ACRS, straight-line, modified straight-line, declining balance, sum-of-the-years’ digits, units of production, zero depreciation and amortization for intangible assets. Assets can have any number of user-defined books, with customizable preconfigured books provided for federal tax, AMT and ACE. The system can also recalculate prior depreciation, and supports mid-quarter, full month, mid-month, actual month and half-year conventions, as well as short years.