Traverse Fixed Assets

Traverse fixed asset software help users to make decisions about when to buy when to lease, and how to manage capital for maximum return. It also provides a full range of financial and management reports needed to manage investments and meet tax reporting requirements.

Traverse fixed asset analyzes the tax and cash-flow implications of assets before the acquisition, and it tracks their valuation and depreciation. Fixed Asset Management Software provides the forecasting tools needed to evaluate leases, amortize loans, and experiment with depreciation strategies before making a capital commitment. The four depreciation books allow users to track four sets of depreciation information.

Users can also retire assets at any time and track the difference between estimated depreciable and actual service life and calculate the cost or proceeds from the retirement of an asset. Traverse fixed asset management provides a set of IRS-supplied depreciation tables and supports MACRS, ACRS, straight line, sum-of-the-year digits, and declining balance recovery methods. A flexible table helps to make changes easily to stay current with tax laws. Traverse’s integration functions are focused on sharing data throughout the full accounting suite, which enables the automatic posting of depreciation to the GL and other components.

The system also utilizes Microsoft Word, Excel and Outlook for some reporting and sharing functions. Traverse fixed assets are geared for in-house use by businesses but can be set to manage multiple client companies with any number of assets in various cost centers, divisions or other subsets. Traverse allows mass and partial dispositions, mass acquisitions, consolidations, like-kind exchanges and splitting of assets. And since default depreciation rules are set at the company level, some changes across all assets can be made with a single entry.

You may like to read: Top Fixed Asset Management Software and How to Select the Best Fixed Asset Management Software for Your Business