cms2GL Fixed Assets
For Cougar Mountain Software Support's
Professional Version (V2009/10, V12, V11, V10, V9, V8 & V7)

Fixed Assets* for FUND

Cougar Mountain offers a complete fixed asset depreciation solution that integrates with Cougar Mountain FUND® and FUND Suite® to provide nonprofit organizations with up-to-date and accurate financial reports that incorporate day-to-day business activity, as well as fixed asset tracking and its associated depreciation.

Cougar Mountain FUND and FUND Suite coupled with the fixed assets module allows businesses and not-for-profit organizations to track and depreciate their fixed assets in accordance with applicable accounting rules and tax laws.

Fixed Assets for all Products

Fixed asset management can be a time-consuming, challenging business task. Cougar Mountain Software Support has partnered with Comprehensive Microsystems, Inc. to provide The System®, an intuitive fixed assets accounting solution. Work that may have taken you days in the past can now be completed in a fraction
of the time.

Turn your PC into a team of accountants — accountants with more than 20 years of depreciation and tax law experience!

The menu driven interface is logical and simple touse. Online help screens and numerous edit checks prevent unnecessary errors and confusion.

A Proven Solution

• Calculates depreciation and amortization for an unlimited number of separate companies with as many as 250,000 assets each.
• Assets can be sorted by up to 999 asset categories, 999 locations, by property code, date placed in service, user-defined fields, and almost unlimited general ledger accounts.
• Depreciation and amortization methods supported include straight line, various declining balance methods and sum-of-the-years’-digits, along with ACRS and MACRS in all their varieties. Override capabilities allow depreciation amounts to be input manually.
• Numerous edit checks on depreciation methods, effective dates, asset lives, luxury auto limitations, special expense (IRC 179) limitations, etc. help you comply with federal tax laws. Plus, when tax law is updated, you will be notified immediately and told when a new update will be available. Remain compliant with IRS standards and laws without having to learn all tax laws.

Reports

• Manage your assets with help from a complete collection of pre-formatted reports that are compliant with accounting standards and IRS regulations. Short year calculations are as easy as selecting the desired year-end and printing a report.
• Journal entries can be printed on hard copy or output to ASCII file for export to your Cougar Mountain General Ledger module.
  Or we can find the manual and list all the reports.

*A third-party product from Comprehensive Microsystems, Inc.