Fixed Assets CS

Fixed Assets CS

By: Thomson Reuters

To calculate and keep track of your client's fixed assets and depreciation activities, Fixed Assets CS gives you all the necessary resources. This tool will allow you to enter clients’ information, asset information, and their data and it calculates automatically the depreciation of an asset-based on the life and date of an asset.

Based on 13 Votes
Top Fixed Assets CS Alternatives
  • FreshBooks
  • QuickBooks
  • Bonsai
  • Anaplan
  • Working Point
  • Express Accounts
  • Brex
  • Less Accounting
  • LessAccounting
  • Alterdata Pack
  • BizAutomation
  • Acumatica Cloud ERP
  • SAP S/4HANA Cloud
  • Zoho Expense
  • Trinet ExpenseCloud
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Top Fixed Assets CS Alternatives and Overview

1

FreshBooks

FreshBooks is an intuitive accounting software that you can access from anywhere, with automatic upgrades.

By: 2ndSite Inc. From Canada
Based on 287 Votes
2

QuickBooks

QuickBooks is an online accounting software that you can access and manage from anywhere.

By: Intuit Inc. From USA
Based on 1464 Votes
3

Bonsai

Bonsai is an invoicing tool that does more than taking care of bills.

By: MTB Projects Corp.
Based on 10 Votes
4

Anaplan

Anaplan is a corporate performance analysis software that uses artificial intelligence tools to measure company performance.

By: Anaplan
Based on 22 Votes
5

Working Point

WorkingPoint provides various online management solutions for small business, including accounting, invoicing, financial reporting, tax reporting, business dashboard, and more.

By: WorkingPoint, Inc.
6

Express Accounts

Express Accounts is an accounting and bookkeeping software for small business, which works with Windows and Mac operating systems.

By: NCH Software Pty Ltd From Australia
Based on 2 Votes
7

Brex

The organization offers these credit cards with varying payment cycles making it extremely convenient for...

By: Brex
Based on 10 Votes
8

Less Accounting

It features expense tracking, invoicing, proposals, mileage, contacts, accounting workflows, data import, 3rd party integration...

By: Less Everything, Inc. From USA
9

LessAccounting

By: Less Everything
Based on 9 Votes
10

Alterdata Pack

By: Alterdata
11

BizAutomation

By: BizAutomation
Based on 21 Votes
12

Acumatica Cloud ERP

By: Acumatica
Based on 28 Votes
13

SAP S/4HANA Cloud

By: SAP S/4HANA
Based on 15 Votes
14

Zoho Expense

By: Zoho Corporation Pvt. Ltd.
Based on 47 Votes
15

Trinet ExpenseCloud

By: TriNet
Based on 1 Vote

Fixed Assets CS Review and Overview

While handling assets effectively, a robust framework for depreciation is essential. Adding, modifying, disposing , and moving assets quickly can been made  easy  with Thomson Reuters Fixed Assets CS. A clear, easy-to-follow folder format plus an intuitive screen showing how depreciation values are measured provides this comprehensive fixed asset management system. CS Fixed Assets reflects an infinite number of treatments — the exposure of a specialist or organization to practically all depreciation rules that require accurate depreciation.

Rich in Diversified Resources

Using this tool, multiple complicated depreciation calculations can be done quickly and efficiently, there will be an increase in the efficacy rate.  Divide the asset according to cost, unit number, or percentage of the asset, automatically users can enter AMT, E&P, state adjustments, and divisions concerning the tax returns when you use this tool with UltraTax CS and GoSystem Tax RS. Users can view the calculative results of disposals.

Rich in depreciation calculation types, users can experience 50 types of depreciation methods and can create up to 90 more depreciation methods and can use it to every client under the client tab. MACRS/ACRS treatment is also available under the depreciation treatment.

Presto and inclusive calculations

There are limitless depreciation treatments- tax, a book of 50 states, a half-year or full-year period for non-ACRS/MACRS treatments. The Method / Life Wizard is a data entry feature that sells the methods automatically and lives for a product. According to the asset class selected and the date on which the asset is put into service, the fixed assets CS compiles for all therapies calculated the appropriate methods automatically. This includes the right lifecycle and methods for determining California's C depreciation.

Cluster dispositions and transfers as whole mass can create an ‘n’ group of assets to dispose at once and transfer a group of assets at once. The tool helps in summarize and report relevant depreciation gain and loss information and assigns depreciation expenses for each asset based on the transfer date. User can create custom templates which can help with the common client's data, save time and reduce the possibility of errors, create associations to categorize assets, duplicate costs across treatments, can enter vehicles info in-vehicle data entry screen.

There are state calculations in the tool - state AMT/ACE treatments for each asset, California C Corporation depreciation, Pennsylvania straight-line depreciation, and intangible drilling cost/developed cost expensed. Users can customize built-in report templates like Asset detail, Asset information, Forms -3468, 4562, FASB109 worksheetsFuture Deprecation, Balance sheet detail, etc. Considering this tool for accounting and tax firms will increase their efficacy rate in wok productivity.

Company Information

Company Name: Thomson Reuters

Founded in: 2008