CSA's Assets & Depreciation
Software is a comprehensive system that manages the function of controlling
corporate fixed assets and calculating depreciation for book and tax purposes.
CSA lets you track each asset individually, providing you with the means
to control and verify the fixed assets portion of your financial statements.
CSA also fulfills the complex
requirements of the ACRS and MACRS tax regulations, including the options
for alternative depreciation methods and special tax reporting. With CSA,
the mysteries and tedious calculations of the tax code are handled for
you.
ASSET
TRACKING
- Supports asset tracking
by item or group.
- Allows individual assets
to be separated from grouped assets.
- Allows tracking of non-depreciable
assets.
- Maintains a complete audit
trail of all asset acquisitions and changes.
DEPRECIATION
CALCULATIONS
- Supports the following
depreciation methods:
- Straight line
- 125% Declining Balance
- 150% Declining Balance
- Double Declining Balance
- Double Declining Balance
to Straight Line
- Sum of Years Digits
- Units of Production
- ACRS
- MACRS
- Tracks period, year to
date, and total accumulated depreciation for book, tax, and straight
line methods.
- Depreciation calculations
take salvage value into account.
- Supports up to 13 accounting
periods per year.
- Distributes book depreciation
amounts to general ledger accounts based on asset category.
- Prints the Depreciation
Register.
SPECIAL
TAX CALCULATIONS
- Supports all aspects of
MACRS depreciation including:
- Elections for MACRS
standard, alternative, or straight line calculations based on asset
class.
- Application of the
appropriate mid-year, mid-quarter, or mid-month conventions.
- Real property calculations
for commercial and residential property.
- Depreciation reporting
for Alternative Minimum Tax (AMT) and Adjusted Current Earnings
(ACE) purposes.
- "Luxury car" yearly
depreciation limits.
- Section 179 expense
items.
- Proper depreciation
calculations for early retirements.
- Supports all aspects of
ACRS depreciation, including:
- Section 179 expense
items.
- Special tax tables
for real property assets.
- Depreciable base adjustments
on items for which investment tax credits were granted.
- "Luxury car" yearly
depreciation limits.
- Proper depreciation
calculations for early retirements.
- Supports pre-ACRS tax depreciation
methods, including first year bonus deductions and investment tax credits.
RETIREMENTS
- Processes asset retirements
and calculates net profit/loss for tax and book purposes.
- Prints the Asset Retirements
Register.
- Automatically calculates
recapture of investment tax credits.
- Keeps retired assets on
file for reference purposes.
REPORTS
CSA Assets & Depreciation
produces the following reports:
- Asset File Print-Out
- Asset Acquisition Register
- Asset Retirement Register
- First Year Expensed Amounts
Report
- Asset Depreciation Expense
Journal
- General Ledger Distribution
Report
- Investment Tax Credit Report
- Fixed Asset Register
- Fixed Asset Report by G/L
Code
- Fixed Asset Report By Location
- Fixed Asset Insurance Worksheet
Listing
- Depreciation Method Change
Report
- Asset Change History Report
- A/D Distribution to G/L
Report
- AMT/ACE Report
OTHER
- Prints amortization schedules.
- Prints asset depreciation
schedules.
INTERFACES
CSA Assets & Depreciation
interfaces with the CSA General Ledger module.
SUPPORTED
HARDWARE
- PC's using Windows-95
- Windows-NT
- MS-Windows or MS-DOS
- Local Area Networks (Novell,
Windows-NT or other MS-NET compatible)
- UNIX based computers
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