HarrisData Fixed Assets Features

Fixed Assets optimizes depreciation schedules for tax purposes. With flexible what if capabilities and tight integration with General Ledger, Fixed Assets can deliver unprecedented account flexibility with minimal effort.

Asset Information Management

  • Asset number and description
  • Unlimited depreciation schedules against a single asset
  • Separate location and building specification
  • Track purchased and leased assets
  • Insurance values, replacement costs, carrier information, key dates
  • Asset identification
    • Serial, Tag, and Id numbers
  • Vendor and PO number
  • Property type
  • New/Used
  • Asset class and family

Depreciation Flexibility

  • Modified Accelerated Cost Recovery System (MACRS)
  • Straight line
  • Declining balance
  • Sum of years' digits
  • Accelerated Cost Recovery System (ACRS)
  • Real-Property ACRS
  • Adjusted Current Earnings (ACE)
    • Remaining Value/Remaining Life
  • Non-depreciable
  • Combined methods
  • Mid-month, mid-quarter, half-year conventions

What If Projections

  • Multiple projection libraries
  • Adjust any parameters for what if analysis in copied library
  • Calculate up to 60 years into future
  • Full details available
  • Detailed or summary reporting
  • Simplifies budgeting process

Regulatory Compliance

  • Section 179 Expense recording
  • Standard or reduced ITC percentage
  • Tax worksheets

Fully Integrated

  • Automatic creation of General Ledger transactions

Comprehensive Reporting

  • Depreciation Register
  • Transfer Register
  • Acquisition Register
  • Retirement Register
  • Asset Master
  • Aged Assets
  • Leased Assets
  • Mid-quarter Analysis
  • Annual Registers
  • Tax worksheets
  • General Ledger detailed reports
  • Flexible Report Writer
    • Report by class, types, schedule, site, and more!