Financial Accounting: Fixed Assets for DNA

Financial Accounting: Fixed Assets for DNA® from Fiserv provides a complete view of your fixed assets in a single location, streamlining your asset accounting process and ensuring data accuracy for book and tax basis reporting and resource management.

Overview

With Financial Accounting: Fixed Assets for DNA from Fiserv, you can know the accurate net book value of your assets simply and efficiently.

Financial managers use Fixed Assets for DNA to analyze and control their fixed assets portfolios for better tax planning and resource management. This user-friendly solution makes your asset accounting process more efficient and accurate by delivering a complete view of your fixed assets in a single location.

Fixed Assets for DNA can operate as a stand-alone product or as part of the Financial Accounting for DNA suite to address all of your accounting needs. It also integrates seamlessly with other accounting and information management solutions.

Features

Fixed Assets for DNA supports 38 methods of depreciation, including standard methods, MACRS, optimal methods, fact and circumstances, ADR and ACRS. It can maintain five independent sets of financial information on each asset (book, federal tax, state tax, ACE and AMT) and allows you to display three sets of books side-by-side for quick analysis.

In addition to financial information, Fixed Assets for DNA can store supplementary information related to each asset, such as manufacturer, model, serial number, service history, leasing information and other data.

With Fixed Assets for DNA, you can:

  • Automate and simplify fixed asset management and maintenance to support tax law updates
  • Streamline FASB compliance and tax reporting requirements
  • Generate pre-defined reports to help you capture precise data
  • Create user-defined fields for assets
  • Support all half-year conventions, calculations and tracking of monthly depreciation and investment tax credit and recapture
  • Obtain a spread of future years' depreciation forecasts in detailed reports to help you determine deferred liability and budgets, then distribute to multiple general ledger accounts
  • Handle prepaid accrual accounting and automatically generate entries for the general ledger

Have a question for us?

For more information on Financial Accounting for DNA for Precision from Fiserv, call 800-872-7882 or contact us. For support, visit Compass, or call 866-964-0121, Option 1. Client ID plus case # or passphrase required.

Contact Us

For more information on Financial Accounting: Fixed Assets for DNA and other solutions from Fiserv, call us at 800-872-7882 or Contact Us.