Summary:
Fitrix Fixed Assets provides a comprehensive system for tracking your assets and for calculating and posting depreciation at the end of each accounting period. Fixed Assets allows you to take depreciation on an unlimited number of assets with an unlimited number of books for each asset. Examples of the types of books are the Main book used to post depreciation to your General Ledger, the Federal Tax book used to report depreciation to the IRS, the Alternative Minimum Tax book (AMT), and the Adjusted Current Earnings book (ACE).
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