FAM includes the most recent bonus depreciation and Sec. 179 limitations for 2012 and previous years, as well as auto limits and variable business use. Its database contains more than 100 asset types based on the IRS’ classes for depreciation, and users can create custom types. Asset depreciation can be projected out to 60 years.
The Fixed Assets Manager system supports multi-part assets and can handle all asset life events, including mass and partial asset transactions, splits and unsplitting, retirements and transfers, and offers wizards that help with these functions. Consolidation functions allow merging of asset bases of companies or groups. For asset audits, the system offers asset lists and location management options, but it does not provide barcode or RFID integration.
Reporting: 4.75 Stars
The reporting options in Fixed Assets Manager are impressive, with more than 40 pre-built reports for depreciation, projections, acquisitions, disposals, adjusted basis, net book value and reconciliations. A built-in report writer offers good customization of reports, which can also be saved to Crystal reports, Excel, CSV and text formats. Additional custom reporting is also available and standard functionality within the product. Forms 4562, 4684, 4797 and 6252 can be printed from within the program.
Integration: 5 Stars
The system includes an import utility that can be used to pull data from Excel and CSV files and most financial programs. It also has a diagnostics tool for ensuring the accuracy of asset additions, disposals and transfers. FAM has the ability to integrate with many ERP systems and compliance products, and is certified to integrate with the Vertex Domestic Compliance corporate tax program.
Help/Support: 4.75 Stars
Fixed Assets Manager includes a traditional help utility, context-sensitive help and right click menus, as well as several wizards and guides for asset disposal and creation functions. The company’s online support options include FAQs, a knowledgebase, file sharing functions, program updates and links to tax and accounting resources. The installed version of the program works with all modern Windows network environments, and the online hosted version allows you to access via regular Internet connectivity. Live phone and web-based support is included with the software license, with customers having a personal account representative. There is also an extensive online Knowledgebase and online “Tips and Tricks” that are included in the regular license fee. This allows customers to have what they need at their fingertips.
Summary & Pricing
Fixed Assets Manager is a comprehensive deprecation and asset management solution that offers the most extensive calculation and forecasting capabilities on the market. It includes extensive tools for asset disposals and transfers, Sec. 179 expensing and bonus depreciation, and allows unlimited books per asset. It is primarily designed for mid-sized and large enterprises, including Fortune 500 caliber organizations that have extremely large and complex asset bases distributed across multiple subsidiary units, locations and departments. Pricing is based upon the size of the asset base and the number of users. A mid-range network solution that accommodates two users and up to 30,000 assets costs $4,500 for the first-year fee. Pricing for small businesses starts at $1,000 for the first year fee.