Fixed Assets Management
Expandable and the people of Real Asset Management (RAM) have teamed up to provide Expandable customers an interface to Asset4000, the fixed asset accounting software that manages asset lifecycle and depreciation.
RAM’s fixed asset accounting system helps organizations maintain compliance with accounting guidelines and tax rules by enabling them to effectively control, track, and record each change that occurs during an asset’s lifetime.
The software encompasses depreciation processing and forecasting, lease accounting, capital expenditure control, and asset tracking.
Split an asset into unlimited child assets by quantity, percentage or value
MODULE FEATURES
Asset Details
- Configurable user defined fields
- Detailed financial information
- No limit on number of accounting books for internal and tax record keeping
Asset Details Tabs
- Display each accounting event that has taken place over the asset’s life
- Parent/Child relationship links two or more assets together, giving users the option to assign remaining life of parent to child asset or link disposition and transfer events to parent/child
Asset Events
- Dispose of an asset with an audited event
- Transfer an asset with an audited event
- Change value of an asset with an audited event
- Change the life of an asset with an audited event
Period Asset Costs
- View Depreciation Calculation on a period by period basis
Asset Split
- Split an asset into unlimited child assets by quantity, percentage or value
Reporting
- Run Reports that show all events, including Acquisitions, Dispositions, Revaluations/Cost Adjustments, Relifes and Transfers
- Fixed Asset Balance Sheet, Depreciation reports, Audit reports and many more
- Easily customizable user created reports
- Exportable to Excel, CSV, PDF, and as an email attachment
US Tax Compliance
- Annual Federal and State Tax Rules Updates
- Bonus Depreciation Auto or Manual Methods
- Section 179 Allowances
- 40% Mid Quarter Check Utility
- Luxury Automobile Limits
- Tax Reporting (F4562, F4797) Worksheets or Direct to IRS Forms
REQUIREMENTS
- Expandable v9.4 or higher