Global Software, Inc.'s iSuite Financials Fixed Assets application is ...

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Global Software, Inc.’s iSuite Financials Fixed
Assets application is your single, easy-to-use
source for incredible power in controlling,
analyzing, and reporting the way you know it
needs to be done.
iSuite Fixed Assets is the fixed asset system you can tailor
to get exactly what you need for your business and your
accounting environment.
iSuite Financials Fixed Assets provides substantial
flexibility in accommodating the depreciation policies
and accounting methods used by most companies, while
ensuring compliance with Federal tax laws.
Benefits include:
• Flexible Sort and Filter Capabilities
• Quick reports to PDF and downloads to Microsoft®
Excel
• Display or report depreciation for any period of the
fiscal year at any time
• Short fiscal year calculations are supported according
to IRS regulations
• Accommodates 52–53 week year including 13
accounting periods and unequal accounting periods
• Depreciation projections are available for future
years in 5-year increments (summary) or any
increment between 1 and 50 (detail)
• Menu Option and Database security
• Tax reporting
• Custom asset templates for accurate data entry
• Data is validated online against tax laws and user
defined tables

iSUITE FIXED ASSETS
FEATURES & BENEFITS
Asset Management
• Create templates for quick and efficient entry of
assets & transfers
• Mass or partial transfers and disposals, as well as
reinstatement functions are available
• Facilitates like-kind exchange depreciation
according to IRS Notice 2000-04 as well as GAAP
• Ability to suspend depreciation for idle assets
• Assets with negative or zero cost/depreciation are
accommodated
• Automatic depreciation calculations for actual &
budget periods
• Parent/child asset relationships
• Import feature for additions
• Export feature for general ledger
• Numerous depreciation methods involving straight
line, ACRS, MACRS, Alternative MACRS and
• Import/Maintain associated User Notes and Images
Reporting
• Reporting based on user defined levels, including
individual companies, groups, locations, etc.
• Financial reporting for addition, transfer, disposal
and trade-in activity, for any period
• Projection reporting for budget purposes up to 50
years in the future
• Tax reports provided, based on IRS forms 4562,
4626 and 4797
• Ability to create and save reports in multiple
formats (.xls and .pdf)
System Values
• Allows user to parallel multiple depreciation books
for each asset, providing separate calculations for
financial and tax reporting as appropriate
• Independent fiscal year closing of depreciation
books, allowing staggered closing of a year-end to
accommodate timing differences in financial and tax
periods
• Short fiscal year calculations are supported
according to IRS regulations
• Accommodates 52-53 week year including thirteen
accounting periods and unequal accounting periods
Want to learn more?
Contact us today.
Global Software, Inc.
3201 Beechleaf Court
Suite 170
Raleigh, NC 27604
USA
Phone: 1.800.326.3444
Fax: 1.919.876.8205
Email:
Web:
info@glbsoft.com
glbsoft.com
Trademark Acknowledgements: Trade names referenced are the service marks, trademarks, or registered trademarks of their respective manufacturers in the United States and/or other countries. Global Software, Inc. is not associated or
affiliated in any manner with the respective owners of the foregoing trademarks, trade names or service marks unless expressly stated otherwise. The respective owners of the foregoing trademarks, trade names or service marks have not
endorsed, certified or approved any of Global Software, Inc’s products for use in connection with their respective products.