BEST SOFTWARE offers two fixed asset management tools. FAS for Windows is designed to meet the needs of most corporations. FAS Encore! is designed for large, dynamic or decentralized organizations.
FAS Encore! Offers Some Special Features:
- Replacement Value
- Asset transfers and partial disposals
- Merge and extract companies
- Custom report writer
- Batch reporting
- Password security
Other than these special capabilities, both programs offer the same powerful set of features, including:
Seven Books -- All Visible on a Single Screen
- Tax
- Internal
- State
- AMT
- ACE
- Two user-defined custom books
Automatic Calculations of AMT and ACE Schedules and Over 20 Methods of Depreciation
- MACRS 150% and 200% (formulas and tables)
- ACRS
- ADS
- Straight Line
- Modified Straight Line (formulas and tables)
- Declining Balance
- Sum-of-the-Years-Digits
- Up to 200 customized methods per company
Additional Calculations Are Included
- Mid-quarter Convention
- Business Percent Use
- Multiple Short Year Calculations
- Luxury Auto
- Salvage Value
- Section 179
- Section 179 Recapture
- ITC
- ITC Recapture
- Bonus Depreciation
- Automatic Gain/Loss Calculations
- Tax Preference Amounts
- Amortization
- Half Year Convention
- Modified Half Year Convention
- Full Month Convention
- Midmonth Convention
System Features
- Automatic data conversion from any Best FAS system
- All 7 books on one screen
- Easy to use Graphical User Interface (GUI)
- Asset Tab Design that lets you switch between Disposal, History, etc. with a mouseclick
- Custom Asset Templates for accuracy and data entry speed
- Group View for working with and viewing multiple assets simultaneously
- Powerful Group Manager for instant queries and new groups
- Toolbar for instant access to the features you use most
- Pop-up calculator
A Flexible System
- Instant Online Help plus customizable Help for Online Corporate Guidelines
- Best Depreciation Guide Reference Tool
- Online Documentation
- IRS Table Reference Tool
- Unlimited number of assets
- Automatic data validation
- Fully customizable data entry screen including field names, field lengths, field layouts, and field prompts
- On-screen asset projections
- Relational database for added power and flexibility
- Attach notes to an asset
- Backup and restore company data
- Import and export data in Standard Delimited File (SDF) format
- Copy company data to another company
- Multiple database support
- Tax & Financial Reporting/Audit Schedules
More than 20 standard reports that allow you to include only the assets you specify, in the order you want to see them:
- Depreciation Expense Report
- Depreciation Summary Report
- Asset Basis Report
- Net Book Value Report
- Disposal Report
- Annual Activity Report
- General Ledger Posting Report
- Fixed Asset Summary Report
- Mid Quarter Applicability Report
- Annual Budgetary Projection Report
- Quarterly Acquisition Report
- Alternative Minimum Tax (AMT)
- Adjusted Current Earnings (ACE)
- FASB109 Projection Report
- Depreciation Adjustment Report
- File Listing
- Form 3468 Investment Tax Credit
- Form 4255 ITC Recapture
- Form 4562 Depreciation and Amortization
- Form 4626 Alternative Minimum Tax
- Form 4797 Sales of Property
