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CCH, a Wolters Kluwer business – ProSystem fx Fixed Assets

Isaac M. O'Bannon

Nov. 02, 2011

cch_prosystemfx_10452469

800-PFX-9998

www.tax.cchgroup.com 

 

2011 Overall Rating 4.75

 

Best Fit

Firms with clients whose asset bases are large or complex, or potentially distributed across multiple geographical locations, particularly those using other components of the ProSystem fx Suite.

Strengths

  • Comprehensive capabilities for all depreciation methods & treatments
  • Wizards for performing mass asset life events such as acquisitions and disposals
  • Good report export options, including to Word and Excel
  • User customization options
  • Tight integration with ProSystem fx Tax and Trial Balance

Potential Limitations

  • Book projections are limited to seven tax years
  • No RFID or barcode scanning integration

 

Summary & Pricing

ProSystem fx Fixed Assets is designed for professional accountants serving multiple clients and can be used as a stand-alone program or as a part of the larger ProSystem fx Suite. It provides comprehensive tools for asset depreciation and management for companies with asset bases of any size, with support for multi-divisional entities. Pricing starts at $2,100 for a single-user stand-alone or network license.

 

Product Delivery Methods

_X_ On-Premises

___ SaaS

___ Hosted by Vendor

 

Basic System Functions 5

Core Asset Management Features 4.75

Reporting 5

Import/Export/Integration4.75

Help/Support 5

See inside December 2011

Thomson Reuters — Fixed Assets CS

800-968-8900 CS.ThomsonReuters.com    2011 Overall Rating 5   Best Fit Firms serving multiple clients with moderate to complex asset bases and depreciation needs, particularly those firms using other programs in the CS Professional Suite. Strengths Mass edits across groups, departments & global User-friendly wizards for many tasks Simplified splits, disposals & consolidations Good user customization […]

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Effective Asset Management is More than Depreciation

If you’re reading this review, then you have more than a passing interest in fixed assets … if such a thing is possible. After all, in the glamorous world of tax and accounting, few things may inspire more eye rolls from clients than talking about effective depreciation strategies and methods such as MACRS, ACRS, straight-line, etc. Yet, as a professional, you understand that what they don’t know can indeed hurt them.

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