Today's Technology for Tomorrow's Firm.
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10 MAY 2017 ■ www.CPAPracticeAdvisor.com REVIEW: ASSET MANAGEMENT SYSTEMS www.cellutionware.com Cellutionware Depreciation Calculator from Cellutionware Software is a fixed asset and depreciation management product billed as depreciation calcula- tor software. The product is well suited for both businesses and professional accountants. The program is down- loaded from the Cellutionware website and a product demo is available to try out prior to purchase. Designed for desk- top installation, Depreciation Calculator works with Windows 7 or above. Depreciation Calculator is primar- ily designed for small to mid-sized businesses, although accountants can utilize the product if handling a limited number of assets and depreciation schedules for their clients. The asset input screen is well-designed, and expands to full screen when entering assets. Depreciation Calculator supports both Straight Line and Declining Bal- ance depreciation methods for GAAP, and also supports ACRS, MACRS, AMT, and Corporate ACE. Depreciation Calcu- lator automatically calculates MACRS depreciation, and will also compute luxury automobile depreciation limits as well as annual truck and van depre- ciation limitations. Read the full review for this product online at: www.CPAPracticeAdvisor.com/ 12331898 www.depreciationworks.com DepreciationWorks handles book depreciation for multiple companies. The product uses a grid-style database interface modeled after Microsoft Excel that enables users to quickly enter mul- tiple assets. A Quick Fill option is also available for those entering individual assets, with multiple fields populated with default amounts entered during the initial product setup. A series of tabs at the bottom of the asset entry screen provide access to a variety of options including Quick Fill, Card View, Quick Grid, Asset Retirement, Annual Views, Monthly Views, and others. DepreciationWorks offers an option to retire assets when they are disposed of, with the option to restore any retired assets if desired. There is also an option to delete company assets if desired. The product offers a good selection of reports including a Depreciation Schedule, Retired Asset Report, Annual Reconciliation Report, Year-to-Date Reconciliation, Cost by Property Type, Asset Detail, and Cost by Group Code. Read the full review for this product online at: www.CPAPracticeAdvisor.com/ 12331886 https://proconnect.intuit.com/proseries/ Intuit ProSeries Fixed Asset Manager is well suited for professional accounting firms that serve clients of all types. Fixed Asset Manager is designed to work with firms already using ProSeries tax preparation products, although the product can be used as a stand-alone asset and depreciation management tool if desired. ProSeries Fixed Assets features an intuitive user interface that can be customized to suit user needs. A variety of wizards are available to utilize when setting up new clients or assets, simplifying the process consider- ably. Asset data can also be imported directly into the product from existing ProSeries client files as well as other formats including Microsoft Excel and CSV files. Tabs at the bottom of the data entry screen offers users quick access to depreciation schedules and other asset related information. The product also supports Section 179 deductions as well. Read the full review for this product online at: www.CPAPracticeAdvisor.com/ 12331918 www.moneysoft.com Fixed Asset Pro from MoneySoft is designed for small to mid-sized busi- nesses, though professional accoun- tants may want to use the product as well. Fixed Asset Pro is a stand-alone product that supports an unlimited number of companies and assets. Fixed Asset Pro is designed to be installed on local computers, though data can be stored and shared on a network as well. Entering asset data is completed in the Asset Info screen, with users able to assign each asset to a particular group, location, or department. Assets can be disposed of from this screen as well. The appropriate tax class for the asset and the option to use tax tables can also be entered in this screen. Func- tion tabs are utilized well in the Asset Info screen, with users able to choose multi-book entry, and choose both AMT and ACE options if desired. Read the full review for this product online at: www.CPAPracticeAdvisor.com/ 12331882 www.proware-cpa.com Pro-Ware Asset Keeper Pro is a good fit for mid-sized accounting firms, as well as business owners who wish to manage assets and depreciation in- house. Asset Keeper Pro is a desktop/ network installed product and does not offer SaaS or cloud connectivity. The product is multi-platform; working on both Windows and Apple operating systems, and is designed to work as a stand-alone product. Asset Keeper Pro was first intro- duced in 1983, but has undergone a re-engineering in 2013, with updated asset and depreciation management that supports an unlimited number of clients and assets. The product also comes with a site license, allowing use on an unlimited number of computers in their business. Read the full review for this product online at: www.CPAPracticeAdvisor.com/ 12331883 Cellutionware Depreciation Calculator DepreciationWorks ProSeries Fixed Asset Manager Intuit MoneySoft Fixed Asset Pro Pro-Ware Asset Keeper Pro 4.5 2017 OVERALL RATING 4.75 2017 OVERALL RATING 4.25 2017 OVERALL RATING 4 2017 OVERALL RATING 4 2017 OVERALL RATING Read all reviews for Fixed Assets online at: www.CPAPracticeAdvisor.com/12331470