List of Reports
Adjusted Current Earnings Report
The Adjusted Current Earnings report displays ACE depreciation that has been calculated for the selected assets. It also shows each asset's remaining basis and remaining life as of the close of the last tax year beginning before 1990.
Alternative Minimum Tax Report
The Alternative Minimum Tax report shows the depreciation differences between the Tax and the AMT books. It also shows the Tax Preferences and Adjustments that arise from those differences.
The Annual Activity report shows the asset account balance activity for Acquired Value over a requested fiscal year. It presents the asset account balance as of the beginning of the fiscal year, the cost of any acquisitions and disposals during the year, and the account's balance at the end of the fiscal year.
The Annual Projection report projects the total annual depreciation expense for selected assets for up to 99 years.
The Asset Additions Report can be run for any accounting period using either the placed-in-service date or acquisition date to reconcile asset additions for the selected date range. Calculating depreciation is not required to run this report.
The Asset Additions Report can also be run as a file listing report. For each selected asset and book, the file listing report presents a summary of commonly used information, such as the asset's description, depreciation method, and acquired value. It also includes an activity code that differentiates between active, inactive, and disposed assets.
The Asset Basis report shows how the system calculated the depreciable basis used in the asset's last depreciation run.
Corporate Alternative Minimum Tax Worksheet
This report is a worksheet that gathers the Alternative Minimum Tax information.
Depreciation Adjustment Report
The Depreciation Adjustment report shows the difference between the beginning depreciation amounts you enter and the depreciation amounts the system calculated for the same period. The report includes only those selected assets that have adjustment amounts.
The Depreciation Expense report displays depreciation-related information for assets on which depreciation has been calculated. The report includes assets containing depreciation calculations through the date you enter for the report. Along with essential asset data, the report shows figures for previous depreciation, depreciation that was calculated for the last depreciation run, and current depreciation.
The Depreciation Summary report provides a concise list of the selected assets' depreciation-related information, including their acquired values and any Section 179 amounts.
The Disposal report lists the assets that have been disposed and shows the amounts of realized, recognized, and deferred gain or loss on each asset.
For each selected asset, the FASB 109 Projection report identifies the temporary differences between the various books' depreciation amounts and projects the reversal of those differences.
File Listing Report (see Asset Additions Report)
The Fixed Asset Summary report presents account balance activity for Acquired Value and Depreciation over the requested fiscal year for each asset or, if elected, for each subtotal by category. It is designed to help you tie into the asset and accumulated depreciation amounts on the balance sheet.
The General Ledger Posting report prints a journal entry you can use to post the Depreciation This Run figures stored from the most recent depreciation calculation to a general ledger.
Interest on Replacement Value Report
The Interest on Replacement Value report calculates interest on either Acquired Value or Replacement Value.
Midquarter Applicability Report
The Midquarter Applicability report determines whether you should use the midquarter convention. You should run this report at the end of each tax year and, if midquarter applies,
The Monthly Projection report displays projected depreciation amounts for each month (or period) in a fiscal year for the selected group of assets.
The Net Book Value report shows the current net book value of each selected asset and how that value is calculated. It also calculates the percentage of total depreciation taken to date for each asset.
The Partial Disposal report summarizes all partial disposals in the selected group.
The Partial Transfer report summarizes all partial transfers that originated in the current company.
The Period Close Summary report displays the period close dates for the assets on the report. It also shows the last date that depreciation was calculated (the Current Through Date).
The Property Tax - Detail report shows detailed asset information for a selected date. The report sorts assets first by a defined property tax category, and then by each acquisition year.
The Property Tax - Summary report summarizes the acquisition value of active assets for a selected date. The report sorts assets first by a defined property tax category, and then by each acquisition year.
Run the Quarterly Acquisition Report to view the cost of assets acquired by month and quarter. See the asset details for any month by using the drill-down feature.
The Replacement Value report displays annual Replacement Value amounts. In addition, you can run a Depreciation on Replacement Value report using the same report definition window.
The Section 199A report documents the 2.5 percent calculation of the UBIA (Unadjusted Basis Immediately after Acquisition) of qualified assets to use in determining the Section 199A deduction.
The Tax Expense report displays the components of the current year’s depreciation expense for tax purposes.
The Transfer report tracks the origin and destination of every selected asset that has been transferred, whether the transfer was an intercompany or an intracompany transfer. This tracking includes all asset extensions or new assets created as part of the transfer. The report also displays the details of the transfer, such as the transfer date, acquired values, prior accumulated depreciation, and current accumulated depreciation.
Form 3468: Investment Tax Credit Worksheet
This report is a worksheet that gathers the Investment Tax Credit information needed to file IRS Form 3468.
Form 4255: ITC Recapture Worksheet
This report is a worksheet that gathers the Investment Tax Credit recapture information needed to file IRS Form 4255.
Form 4562: Depreciation and Amortization
This option prints an IRS Form 4562 that reports depreciation and amortization expense in a format acceptable for filing with the IRS.
Form 4797: Sales of Property Worksheet
This report is a worksheet that gathers the asset disposal information needed to file IRS Form 4797.
This option on the Reports menu allows you to use a single command to run multiple reports that you have predefined.
This feature allows you to create and define your own reports.