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ProSeries Fixed Asset (Depreciation) Reports

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ProSeries Fixed Asset (Depreciation) Reports

Taxes-by-Rocky

I realize this isn't high on the priority list for many but....if ProSeries depreciation reports would aggregate and subtotal individual fixed assets, even by "MACRS category," that would be extremely helpful to allow reconciliation to Fixed Asset Manager reports.  [A field to enter a "GL Account" in PS and a report that would aggregate and subtotal same, would be better.]

I realize the two programs have differences:  (i) PS does not assign GL accounts; (ii) FAM does not group current year v. prior year depreciation; (iii) PS has one basis v. FAM has many bases; (iv) etc. but it would really be helpful if some "subtotals" could be built into PS depreciation reports in order to allow broad-based reconciliation to the FAM Lead Schedule reports (e.g., by GL Asset Account).

Similar to PS efforts to subtotal Schedule D 1099-Worksheets so they provide a reconciliation to Forms 1099, a PS report allowing reconciliation between PS and FAM would be very helpful.  Clients with 50+ assets often have GAAP (book) reporting requirements, use FAM, and a reconciliation between the two programs would save a significant amount of time.  The import function from FAM to PS never worked well in the past (e.g., multiple states or bases), nor when trying to carry forward a number of assets each year, and FAM fills the void when needing a fixed asset program during the year (e.g., for book depreciation).

Status: New
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