ATX Fixed Asset Manager

[samingeorgia]

Last year (I think it was when I renewed) I asked about the Fixed Asset program that was mentioned in the literature. I told the sales person that I'd like to try it and she said ok. Frankly I forgot about it, but early this week I got a CD from ATX. Lo and behold, it was Fixed Asset Manager.

I wanted to try this because I do some review work for organizations that do the tax return in house and I need a way to compute good old GAAP depreciation for the financial statement.

Haven't tried it yet -- just installed it this morning.

Has anybody else tried it?

[DevM]

Last year (I think it was when I renewed) I asked about the Fixed Asset program that was mentioned in the literature. I told the sales person that I'd like to try it and she said ok. Frankly I forgot about it, but early this week I got a CD from ATX. Lo and behold, it was Fixed Asset Manager.

I wanted to try this because I do some review work for organizations that do the tax return in house and I need a way to compute good old GAAP depreciation for the financial statement.

Haven't tried it yet -- just installed it this morning.

Has anybody else tried it?

I got one too yesterday. haven't tried it yet.

DevM

[RoyDaleOne]

Well, I got it last year and installed the program.

My, and note, this is just my impression of the program, and I have used computer depreciation since before the IBM computer and various forms of lapings schedule before that, maybe ten difference depreciation programs.

This was the worst of the bunch.

This is my personal opinion. I renewed another program for $700.00 that only does depreciation and related tasks.

[samingeorgia]

I looked at it for about 15 minutes while waiting on a client and thought it looked kind of like Creative Solutions depreciation program in layout. The depreciation program in Creative Solutions is really good and more intuitive than most of their stuff. However, I didn't set up a client or attempt any entry.

RoyDaleOne, which program do you use?

[RoyDaleOne]

http://www.saxtax.com/

This program handles a requirement for a tangible personal property tax return for each county a business has such property there. I was told by ATX that feature would in the final version of the ATX program for 2007. The forms were there, however no means to transfer the amounts you needed.

In essence you had to enter all the tangible personal program again. This includes the fixed program as well as the ATX tax program. By the way this includes rental properties, one house owned personally that is rental is required to file the form.

Aside from that it does tax, amt, internal, and other depreciation schedules.

The problems I have with the ATX programs, or, at the ones I remember are:

1. You could not enter last deprecation schedule (2006) as a starting point you had to enter 2007. Now, I anal and I want to check my entries against last year.

2. It did not compute the prior deprecation field for you. I know it may not be correct, hover, it could show up a problem if way off. Anyway I like that feature so I wanted it.

3. I don't recall that you could set up templates for asset groups for standard useful life policies. Either by client or overall.

4. There was no transfer to the tax program, as I recall for fiscal year taxpayers in the program.

5. You could not print a prior year depreciation schedule.

6. I am not sure about this but I like a recap print out that has beginning, additions, deletions, end balances for cost and depreciation summary balances. Also, I like a detailed list of additions and deletions.

Yes, in years passed I used CS II depreciation (Creative Solutions), at that time it was a much better the the ATX offering.

I have used TASSC, Creative Solutions, MicroVision, BNA, an in-house program I wrote (and sold), some of Intuits offerings, something from CCH.

[RoyDaleOne]

I received an update to the ATX Fixed Asset Manager. My first impression is that this version is 1,000% better than previous versions.

Every feature is much improved.

It is not as complete as I would like, however, I am going to try and use it later this year.

The one feature I tried that worked great is to import the fixed assets from the ATX tax program. Saved a lot of time.

I need to have book or GAAP depreciation for the clients that I do GAAP financial statements.