Today's Technology for Tomorrow's Firm.
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Reviews For Your Firm FIXED ASSET REVIEW CCH ProSystem fx Fixed Assets 2012 OVERALL RATING 4.75 2012 OVERALL RATING 4.75 2012 OVERALL RATING 4.25 BEST FIT Full-service accounting firms serving clients with large or com- plex databases that may be assigned or located in multiple divisions, geographic locations. STRENGTHS r Handles any number of clients/ assets r Offers all depreciation methods and treatments, and customiz- able r Guides and wizards for mass asset life events such as acquisi- tions and disposals r Spliting, unspliting, like-kind exchanges r Import and reporting to/from Word and Excel r Integration with ProSystem fx Tax, Engagement and Global fx Thomson Reuters – Fixed Assets CS BEST FIT Full-service accounting firms pro- viding depreciation management and tax services to multiple clients with moderate to complex asset bases. Most beneficial when used as integrated part of the CS Profes- sional Suite. STRENGTHS r Easy to use with wizards for setup and many tasks r Ability to make mass edits across asset groups or global r Direct integration with tax and trial balance r All asset events, including mass acquisitions and disposals, splits r Strong reporting and user cus- tomization options POTENTIAL LIMITATIONS r Limited to 32,000 assets per entity (should be more than sufficient for most clients) Fixed Asset Manager for TaxWise & ATX BEST FIT Professional tax and accounting firms using, managing the asset depreciation strategies of multiple clients. Te system also offers direct integration with TaxWise and ATX. STRENGTHS r Easy to use and get started r Includes all common deprecia- tion methods r Reporting can be saved to Word, Excel, PDF and Crystal Reports r Direct integration with TaxWise and ATX for tax preparation POTENTIAL LIMITATIONS r Offers only two years of book projections (current and next year) r No RFID or barcode scanning integration Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/10823779 POTENTIAL LIMITATIONS r Maximum book projections of seven tax years r No RFID or barcode scanning integration SUMMARY & PRICING ProSystem fx Fixed Assets is designed for accounting and tax firms with multiple clients, pro- viding extensive depreciation and SUMMARY & PRICING Fixed Assets CS makes managing the asset bases of multiple clients much simpler, providing a stream- lined and user-friendly interface, along with extensive automated depreciation functions and reporting options, with up to ten books per client. It is strong as a stand-alone program, but much more powerful when used in con- junction with other parts of the CS management functions for asset bases of any size, including multiple locations. Te system can be used either independently or as a part of the ProSystem fx Suite. Pricing starts at $2,225 for a single-user standalone or network license. 800-PFX-9998 www.tax.cchgroup.com Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/10823786 Professional Suite, particularly UltraTax CS. Pricing starts at about $1,500 with renewals at about $300. 800-968-8900 CS.ThomsonReuters.com Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/10824709 r Limited consolidation/mass asset action disposal functions SUMMARY & PRICING Fixed Asset Manager is best as an add-on to ATX or TaxWise compli- ance systems, but also offers a streamlined and easy-to-use asset management functions as a stand- alone system. With limited mass asset functions, it is best for man- aging smaller asset bases. Te pro- gram costs $449 when purchased individually, but is also available in some of the ATX and TaxWise bundles. 800-681-1750 www.taxwise.com 800-681-1752 www.atxinc.com MobileAsset Professional Offers Solution for Businesses with Location Tracking Needs While most of the programs in this review section are primarily focused on managing depreciation strategies for fixed assets, the MobileAsset Profes- sional program from Wasp Barcode is designed to give businesses an efficient way to track the location and responsible parties for assets and inventory items, while also offering depreciation capa- bilities. MobileAsset has a well-designed and easy-to-use interface with an icon menu for moving quickly to key system areas, including asset management, administra- tion, reporting, forms, label printing functions and access to the program's mobile tools. Submenus appear when within these key areas, with specific tasks such as checking in and out assets, dis- posal functions and other options available with just one or two clicks. An integral part of the system is its built-in barcode scanning functions, which can speed location tracking and physical audits and inventory verifica- tion. Wasp offers several hardware 28 December 2012 t www.CPAPracticeAdvisor.com options for barcode scanning, inventory management, point-of-sale and time and atendance. Te program uses a spreadsheet view for asset selection lists, with summary information that includes descriptions, types, location, date acquired and asset tag ID, while another icon menu offers options for creating new assets, dupli- cating, maintenance information and assigning items to groups. Images or documents can be atached to asset files. Users can also create automated alerts to be reminded by email and in-program prompts about specific actions, such as overdue asset returns and maintenance needs. Wasp Barcode Technologies – MobileAsset Professional Version 214-547-4100 www.waspbarcode.com Continued online at www.CPAPracticeAdvisor. com/10823787