CPA Practice Advisor

MAY 2016

Today's Technology for Tomorrow's Firm.

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FIXED ASSET MANAGEMENT PROGRAMS Reviews BEST FIT Pro System fx Fixed Assets is well suited for accounting frms that need to handle a diverse set of assets and depreciation management schedules for a variety of clients. Te product is also well suited for larger corporations that wish to manage assets in-house. PRODUCT STRENGTHS • Product of fers easy system navigation • Solid reporting options • Handles an unlimited number of companies and assets • Smooth integration with ProSys - tem fx Suite of products • Ofers excellent help and related user tools POTENTIAL LIMITATIONS • Tough available as a stand- alone product, works best if combined with other ProSystem fx applications SUMMARY & PRICING ProSystem fx Fixed Assets is an excellent option for accounting frms of all sizes. Te product eas- ily integrates with other ProSystem fx Suite applications for a more completely integrated tax and asset management solution, or used as a stand-alone product. Pricing for ProSystem fx Fixed Assets starts at around $2,500 for a single user license. www.cchgroup.com/store Ed. Note: AssetCloud is a new product and was not assigned star ratings in this review, due to its primary focus on asset inventory tracking. AssetCloud from WASP was just released in April of this year. It is designed for users that wish to track assets on a variety of devices including iOS, Android, or WASP mobile computers. Te product is available in three Cloud versions plus an on-premise version, making it suitable for businesses of just about any size. BASIC SYSTEM FUNCTIONS AssetCloud is available in three Cloud versions: Basic, Plus, and Complete. An On-Premise version is available as well. Te Basic version supports only two sys- tem users, but both Plus and Complete support unlimited system users. Users are billed month-to-month, and no contract or commitment is required. Small busi- nesses can start out with the Basic version and easily change plans to a more robust version at any time. AssetCloud ofers fve depreciation methods: Straight Line, Double Declin- ing Balance, 150% Declining Balance, Declining Balance Custom, and Sum-of-the-Years' Digits. Designed for simplicity, the user dashboard is easily navigated, with users able to choose functions from the vertical menu to the lef of the screen, and available options that include View Assets, New Fixed Asset, New Multi-Quantity Asset, New Asset Type, and others. Related functions available include Transactions, Lookups, Audit, Reports, Users, and Mobility. Data entry screens are designed to be used with mobile devices, straightforward, and unclutered, and require litle data entry. CORE ASSET MANAGEMENT FEATURES Te View Assets screen appears immedi- ately upon system login and lists all assets currently in the AssetCloud database. Wolters Kluwer ProSystem fx Fixed Assets WASP AssetCloud Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/12202436 Read the full review for this product online at: www.CPAPracticeAdvisor.com/12202444 5 2016 OVERALL RATING Deadline for ad placement: November 7, 2016 Materials due: November 14, 2016 CPAPracticeAdvisor.com Reserve your ad space in this special section of the December 2016 issue of CPA Practice Advisor, contact: Barry Strobel, Publisher Jim Colford, National Sales Manager 301-674-3096 262-473-9238 barry.strobel@CPAPracticeAdvisor.com jcolford@CPAPracticeAdvisor.com & EXECUTIVE PREDICTIONS YEAR IN REVIEW 2016 2017 www.waspbarcode.com

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