CPA Magazine List TaxWise Fixed Asset Manager in the “Top 7”

Excerpted from CPA Magazine, TaxSeason 2006 Edition

“TaxWise Fixed Asset Manager [is] a full-featured program that is popular with practitioners valuing efficiency and speed in electronic filing.”

“TaxWise is a full-featured program—strong in language support with a focus on electronic filing at a reasonable cost. As long as the input methods and calculations the application supports fit your practices, it would be prudent to look at TaxWise.”

“The application’s asset numbering system starts with the number one and is identical to that used in the company’s other tax software. Additionally, Fixed Assets manager uses a second, 50-character alphanumeric asset ID that meets the requirements of any numbering system, including the Universal Product Code (UPC) used by other fixed asset programs.”

“Enter other data on a quick-entry screen using hot keys from the Setup Menu. The “F1” key opens the program’s context-sensitive help balloon feature. The help balloons are not short messages; instead, they offer “volumes” of pop-up help. A second help feature, accessible by clicking on a button at the bottom of the page, offers context-sensitive, indexed, traditional Microsoft (MS) Windows-type help.”

“The program supports five depreciation books: federal tax, multiple state tax, state tax, alternative minimum tax (AMT) and adjusted current earnings (ACE).”

“The application’s screens use standard MS Windows conventions and are very much like the TaxWise business asset entry screen, as well as screens in other TaxWise programs.”

“TaxWise is proactive in serving Spanish-speaking and bilingual practitioners. In the TaxWise 1040 program, for example, users toggle easily between English and Spanish on the leading forms and schedules and see or print the instantly translated forms – a feature that may be an industry exclusive. Even the context-sensitive help appears in Spanish on those forms. Additionally, the company offers toll-free support lines seven days a week during the height of the tax season, providing a highly trained team of English- and Spanish-speaking agents and sales representatives.”

“TaxWise offers an extensive lineup of “GetWise” online training courses and on-site seminars for its tax and accounting systems.”

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CPA Magazine Lists TaxWise Fixed Asset Manager in the Super 6 of Fixed Assets Software

From CPA Magazine, November 2006

By Tom Johansmeyer

TaxWise Fixed Asset Manager enables efficient asset management with a clear user interface, comprehensive functionality and accurate calculations. By wrapping traditional asset management tools in an effective design, TaxWise helps smaller accounting practices access a solution that does not become a burden on operations.

The software provides excellent reporting capabilities that convert Fixed Asset Manager from an asset tracking and management application into a solution that enables business decision-making.

Features
Consistent with the broader suite of tax and accounting products offered by TaxWise, Fixed Asset Manager offers an intelligent, intuitive screen layout designed around the intentions of practitioners. As users open windows, they stay open, but in an unobtrusive manner. Tabs along the bottom of the screen enable users to move between open data entry forms, reports and viewing screens. Buttons at the top of the window are large and clearly labeled, reducing the time it takes for practitioners to become familiar with the fixed asset management environment. As a result, the Fixed Asset Manager application provides fast learning and rapid implementation in accounting practices of all sizes.

Installing Fixed Asset Manager took only minutes, requiring minimal interaction. There were a few setup screens and the choices throughout the process were clear. The installation wizard was fast and the software did not delay its processes as the computer worked in the background. Fixed Asset Manager was designed to configure itself for most tasks, eliminating the need for technical jargon that some accounting users might struggle to understand.

Asset entry in Fixed Asset Manager is clear and direct. The asset entry and editing screen allows the user to tab through fields methodically, completing federal entries, followed by state and Alternative Minimum Tax (AMT) fields. Although TaxWise selects depreciation methods based on asset type, users can override entries based on certain circumstances or preferred practices. Maintaining the information for each asset is simply viewed in a single worksheet. Entries pertaining to listing, disposal and other information are on additional tabs within the “Add/Edit Asset” window.

Practitioners can import client asset data into Fixed Asset Manager from QuickBooks, Microsoft Excel, Peachtree or a plain ASCII file. To support the preparation of tax returns, users export client data from TaxWise Fixed Asset Manager to applications in the TaxWise tax and accounting application suite. The result is a fully integrated asset management environment. Tax and accounting practices of all sizes can provide comprehensive services to their clients while minimizing manual activity and errors that can result from moving data between different software products.

TaxWise offers copious reporting capabilities with nine report categories, including AMT, Asset Summary and General Ledger Posting. While users can run reports from the Reports menu, specific reports can be customized to provide more granularity or to meet certain client or practitioner requirements. Keeping track of practitioner activity and client asset portfolios becomes less time consuming, and practitioners can present readable information to clients for use in making critical asset-related financial decisions.

Summary
Accounting, ultimately, constitutes the use of information to move the company towards a profitable direction. Fixed Asset Manager equips practitioners to provide keen insights to clients through clearly identified software functionality, a full complement of asset management features and a robust reporting engine. The case with which a practice can implement the solution does not require extensive software management overhead or technology expertise. As a result, practitioners can focus on delivering value to clients.