Fixed Assets CS

RATING:

4.5

(19)

About Fixed Assets CS

Fixed Assets CS is a web-based fixed asset depreciation software designed to help businesses organize and track assets using various customizable asset sorting capabilities. The platform supports a variety of depreciation methods including Straight-Line, MACRS, ACRS, Units of Production, Sum-of-the-Years’ Digits, 200/150/125% Declining Balance, Amortization, and other user-defined methods. Fixed Assets CS enables managers to group multiple assets and transfer, trade, or sell them as a unit for one price. The application allows accountants to set up data entry for monthly, quarterly, or annual calculations and automatically calculate depreciation for the specified time period. Additionally, the platform lets users set calculations on the basis of IRS formulas and table...

Fixed Assets CS Pricing

Contact Thomson Reuters for pricing details.

Free trial: 

Available

Free version: 

Not Available

Fixed Assets CS asset detail

Fixed Assets CS Reviews

Overall Rating

4.5

Ratings Breakdown

Secondary Ratings

Ease-of-use

4

Customer Support

4

Value for money

4.5

Functionality

4.5

Most Helpful Reviews for Fixed Assets CS

1 - 5 of 19 Reviews

User Profile

Shellie A.

Verified reviewer

Online Media, 1 employee

Used weekly for more than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed May 2021

An accounting professionals dream come true

Overall it was a great program. I remember setting up ans transferringball of our clients into File Cabinet it was a fun weekend to sat the least but to have Fixed Assets CS as part of out. Bundle it wad an awesome experience that I would do all over again. Thank you for creatimg such a wonderful tool and also I learned a few things along the way.

PROS

I love this program so much. The fact that you can enter the assets into the database and keep a record of each one and there are options to choose the number of years and types is a bonus. There are reports to print out for depreciation which is a blessing compared to other programs that you have to figure it all out on your own.

CONS

I honestly did not find any issues with this at all. When I needed to go in and get what I meeded it was always available and very easy to navigate also. I cant report any cons about tbis.

Marcus

Accounting, 2-10 employees

Used weekly for more than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

4

EASE OF USE

5

VALUE FOR MONEY

3

CUSTOMER SUPPORT

1

FUNCTIONALITY

2

Reviewed February 2020

Fixed Assets CS

Fixed asset is a good software. The integration with UltraTax makes the software very useful and saves time on entering depreciation expense into a tax return.

PROS

I like that it is easy to use and has a wizard that helps determine the proper depreciation treatment for various types of assets.

CONS

I do not like that you cannot import assets with bonus depreciation or mid-quarter convention. This limitation makes it so that you cannot easily match depreciation records when the file is imported.

Reason for choosing Fixed Assets CS

It integrates with UltraTax and the CS Professional Suite.

Anonymous

1 employee

Used weekly for less than 12 months

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

3

EASE OF USE

3

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed May 2019

Very functional but hard to use

PROS

This software has a large amount of functionality and it is a great way to manage fixed assets and to track depreciation.

CONS

The program is very hard to use​ and can be very frustrating.

Andy

Real Estate, 201-500 employees

Used daily for less than 12 months

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed February 2021

Easy to use Depreciation Software

This is a huge improvement compared to our last fixed assets software.Easier and more effective for daily use.

PROS

Software is easy to navigate, import function easy and effective, and its very accurate with updates to tax laws.

CONS

No complaints at this time with the software except maybe having a better help or support guide for users.

Reasons for switching to Fixed Assets CS

Issues with old software crashing constantly and loosing data.

Nathalie

Accounting, 11-50 employees

Used daily for less than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

4

FUNCTIONALITY

5

Reviewed September 2019

Fixed Assets CS - sophisticated but user friendly

Overall, I had a very positive experience with Fixed Assets, there is a lot to learn, but it's worth it because the program is capable of a lot. I would advise, if there isn't already, a very basic step-by-step user manual. I know there are tutorial videos, but videos, whether I'm watching it for my training purposes or having someone else who's training watch, are ineffective. I want something solid that I can quickly grab and refer to when I encounter a block or impasse and need to solve quickly.

PROS

I liked how organized the software would list each asset and how, based on the type of asset you added, Fixed Asset CS could automatically trigger the correct depreciation method. It was also very easy to cut and paste assets if you entered them in the incorrect activity. Reflecting a sale was very intuitive with the "Mass disposition" feature. Reports printed very clearly. Preparing business property tax returns was also very easy to do - Overall, Fixed Assets CS is a very sophisticated and helpful program.

CONS

Sometimes it felt a little too complicated for its own good. There is a lot of initial setting up you have to do when you set up a new client (i.e. layout and presentation of the depreciation schedule) which, unless you're familiar with the program, can result in a lot of trial and error. Mainly, I didn't like how I couldn't be in the entity's tax return at the same time. I know there was a way to access assets through the tax return but Fixed Assets CS had many more options, so i preferred working in that application when adding assets.