Today's Technology for Tomorrow's Firm.
Issue link: https://cpapracticeadvisor.epubxp.com/i/94658
Reviews For Your Firm FIXED ASSET REVIEW Sage Software – Sage Fixed Assets 2013 BEST FIT 2012 OVERALL RATING 4.75 2012 OVERALL RATING 4.25 2012 OVERALL RATING 4.75 2012 Small practices seeking a fully web- based suite that includes time and billing functions, along with optional add-ons for write-up, client book- keeping, payroll, document manage- ment and their firm's website. STRENGTHS r Full integration with other pro- grams in the AccountantsWorld suite Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/10823785 r Intuit ive web inter face and anywhere access with mobile app r Client communications tools, calendaring and client portals POTENTIAL LIMITATIONS r Invoice customization options are limited (greatly minimized in combination with Accounting Relief) r No ataching of scanned receipts to expense ent r ies (great ly Intuit ProSeries Fixed Asset Manager BEST FIT Professional firms serving the tax and accounting needs of clients with asset bases that are growing more complex in terms of size and strategic depreciation planning. As it offers direct integration, it is most beneficial to firms using ProSeries. STRENGTHS r Direct integration with Pro- Series r Easy-to-use interface and naviga- tion, with ample help functions r Supports departments, loca- tions, cost centers and other sub-entities r Reporting output to Word, Excel and PDF r Unlimited years of asset projec- tions minimized in combination with Accounting Relief) r Minimal project management capabilities SUMMARY & PRICING Practice Relief seems designed for smaller practices from one to about 10 users, but can handle more. Its time and expense tracking features are easy to use, and the web-based nature of the system makes it suited POTENTIAL LIMITATIONS r No RFID or barcode scanning integration for inventories r Limited consolidation/mass asset action functions SUMMARY & PRICING With direct integration with its namesake tax program, ProSeries Fixed Assets Manager is a best fit for those already using that prepara- tion system, but it also can be used Fixed Assets Manager is designed primarily for use by companies and organizations with extensive or complex asset management and depreciation strategies, such as those with large asset bases, multiple locations and departments. It can also be used by accounting firms providing services to such clients. STRENGTHS r Avai lable as instal led or an online hosted program r Strong reporting capabilities r Able to integrate directly with ERP systems and with Vertex for corporate tax r Ability to easily integrate with other compliance solutions such as CORPTAX and Thomson OneSource r Many customization options r Comprehensive depreciation calculations r Entity consolidation functions POTENTIAL LIMITATIONS r Moderate in-system help fea- tures MoneySoft – Fixed Asset Pro v13 BEST FIT OVERALL RATING 4.5 Fixed Asset Pro is best suited to small and medium organizations with asset bases of any size or complexity. With multi-entity capabilities, it can also be used by firms managing the depreciation strategies for multiple clients. STRENGTHS r Comprehensive data import and export capabilities r Extensive and totally customiz- able reporting options r Ability to manage any number of entities and assets r Mass edit function for changes across multiple assets POTENTIAL LIMITATIONS r No RFID or barcode scanning for physical audits r Limited consolidation functions r No multi-part assets SUMMARY & PRICING to frequently mobile professionals. Its feature set is more comprehensive when combined with other pro- grams in the Power Practice suite. Firms can use the system for $40 per month on a month to month basis, or for a discounted annual rate of $395. Either method supports any number of firm users and clients. 888-999-1366 www.accountantsworld.com Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/10824702 as a stand-alone depreciation management program, providing good tax-focused multi-client asset management features for smaller and mid-sized entities. Fixed Asset Manager costs $229 for a license that supports the same number of users as the tax package. 800-934-1040 proseries.intuit.com/products/fam Red Moon Solutions LLC – Fixed Assets Manager Read the full review and see expanded ratings for this product online at: BEST FIT www.CPAPracticeAdvisor.com/10823784 Fixed Assets Manager is a compre- hensive 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 net- work 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. 800-224-1260 www.redmoonsolutions.com Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/10823782 r Mass acquisition/disposal only by import SUMMARY & PRICING Fixed Asset Pro provides strong import and export options that allow it to be used alongside most other financial systems. It also offers exceptional reporting with total customization. The system can support any number of companies and assets, and provides compre- hensive tools for management of depreciation and Sec. 179 expenses. Te program costs $599 for a single user, or $699 for the multi-user site license, with annual renewals priced at $189 and $269, respectively. Seasonal discounts are also avail- able. 800-966-7797 www.moneysoft.com December 2012 t www.CPAPracticeAdvisor.com 27