Greater Group and Filter Capabilities C Additional group and filter capabilities were added so users can filter, group, and report on assets based on the new
fixed asset fields, as well as repair type.
From basic depreciation to custom reporting, Best Software's FAS solutions have features unsurpassed by other
fixed asset programs.
Therefore, deficient
fixed asset records can lead to inaccurate financial reporting .
accounting transactions) to relieve WIP and post to
fixed asset accounts
As in
fixed asset accounting, many entities use textbooks and established industry practice to determine capitalizable inventory costs.
For many taxpayers, the property tax savings resulting from conducting an audit or
fixed asset inventory to reveal nonexistent assets and identify assets that should be disposed of far exceed the costs of the audit or inventory.
Once the transition calculation is made, taxpayers and the government would, for AMT purposes, ignore actual retirements and dispositions of
fixed assets that were part of the initial cumulative difference.
A second adjustment is sometimes considered when the depreciation expense is adjusted to reflect adjustments made to the
fixed assets.
The regulatory relief we are planning for our new rule on
fixed assets goes significantly beyond the original proposed rule," Matz said on Tuesday.
BNA
Fixed Assets Delivers Streamlined Asset Management to Customers Through Interoperability With SAP Solutions
After all, no one wants to have problems verifying the
fixed assets records during the financial statement audit.
The
Fixed Asset Management System (FAMS), for instance, allows Citicorp to track domestic and overseas assets for tax compliance purposes.
