THE SYSTEM
is a flexible and powerful fixed assets accounting system.
Quick to learn and easy to use, THE SYSTEM has been proven
for over fifteen years by accountants in public practice,
industry and government.
THE SYSTEM supports the Job Creation and Worker Assistance
Act of 2002, signed into law 3/9/2002. This act allows an
additional 30% depreciation deduction and $4,600 higher
luxury auto limits for assets purchased after 9/10/2001
and before 9/11/2004.
THE SYSTEM supports recent changes to IRS like kind exchange
rules (Notice 2000-4).
THE SYSTEM is stand-alone fixed assets accounting software
for Windows, originally developed in 1982 for CPM and DOS.
Depreciation and amortization methods supported include
straight line, various declining balance methods and sum-of-the-years-digits,
along with ACRS and MACRS in all their varieties. Override
capabilities allow depreciation amounts to be input manually.
THE SYSTEM calculates depreciation and amortization for
an unlimited number of separate companies with as many as
250,000 assets each.
Assets can be sorted by up to 999 asset categories, 999
locations, by property code, date placed in service, user-defined
fields, and almost unlimited general ledger accounts.
Maximum asset value for an individual asset is 9,999,999,999
and, for all assets in a file, $99,999,999,999.
Short year calculations are as easy as selecting the desired
year-end and printing a report.
