User's Manual - Drake Software

Fixed Asset Manager
Drake Software User’s Manual
Fixed Asset Manager
1. From the Home window, select Reports > Depreciation List. The Depreciation
List Client Selection dialog box is displayed.
2. Choose one of the following methods:
a. Create a list — Enter the SSN/EIN and click Add Client. Repeat for additional
clients until all the desired clients are entered, and click Next.
b. Filter the client database — Click Next to open the Basic Search Conditions
dialog box. Edit settings as desired (see “Search Conditions” on
page 319), and then click Continue.
3. Choose to Print the depreciation list or to Export to File.
• Print — Send the list to the printer. In the Print dialog box, click Print.
• Export to File — Depreciation lists exported to file are stored in
Drake12\Reports as CSV files. Click OK.
Use the Fixed Asset Manager (from the Home window, go to Reports > Fixed Asset
Manager) to run reports based on client assets. Nine report types, shown in Table 12-
3, are available.
Table 12-3: Fixed Asset Manager Report Types
Report Type Report Description Items on Report
Depreciation Schedules
Listings
Section 179 Assets
Dispositions
Department Summary
Depreciation list sorted by asset number
(assigned asset number and department
number separated by a decimal; example
of asset number: 122.01)
Depreciation list sorted by asset number
(assigned asset number and department
number separated by a decimal; example
of asset number: 122.01)
Asset list of items expensed during the
current year
Asset list of items disposed of within the
current year
Asset summary report sorted by department
or schedule
Asset Number, Description, Date in
Service, Method and Recovery Period,
Basis, Prior Depreciation (Prior and
Current), Salvage Value, and Current
Year Section 179 expense
Asset Number, Description, Date in
Service, Method & Recovery Period,
Business Percentage, Cost, Federal
Basis, Current Year Sec 179, Prior Year
Depreciation, State Depreciation, Amt
Depreciation, Book Depreciation, Tax
Schedule, Code, Date Disposed
Asset Number, Department Number,
Description, and Date Placed in Service,
Cost, Section 179 Expense, Prior
Year Carryover, Current Year Sec 179
deduction
Asset Number, Descriptions, Date
Acquired, Date Sold, Gross Sales
Price, Depreciation Amount, Cost or
Other Basis, Loss or Gain
Department Number, Description, Cost,
Federal Basis, Current Section 179
expense, Federal Depreciation, State
Depreciation, Alternate Depreciation,
Book Depreciation
324 Tax Year 2012