Fixed Assets Manager™

Outstanding Tax Comprehensiveness

  • System-defined asset types for all IRS-prescribed tax classes
  • Tax law updates maintained by Red Moon Solutions
  • Bonus depreciation
  • Mid-quarter calculations
  • Section 179/Section 280-F auto limitations
  • Many methods of depreciation, including MACRS, ACRS, SL, AMORT
  • Units of production
  • Gain/loss calculations for dispositions
  • Support for all asset transactions, including full & partial dispositions, bulk dispositions, inter and intra-entity transfers and asset splits

Because FAM was built to support the internal tax practice of one of the biggest accounting firms in the U.S., Big 4 accounting firms and Fortune 500 companies rely on FAM for its robust tax calculations and reporting capabilities. Companies want to know that they don't have to worry about staying compliant and leave the tax law updates to us. However, they need software that is flexible enough to adapt to their changing needs.

Tax Classifications

 

 

"Incorrect information and errors in fixed asset inventory data are a near universal problem - resulting in significant and unnecessary tax overpayments of 8% to 20%"

~ Asset Management Resource (AMR)