| 1. |
How to apply the 30%
Allowance to existing assets?
The 30% Allowance
can be applied to Individual or Groups of
Assets.
|
| 2. |
How to force
depreciation
You may use the
beginning fields to force the desired
depreciation numbers. Any amounts you key into
the BEG (Beginning) fields will automatically
pull into the Curr Accum fields, for that
period only.
BEG DATE: Month for which you want to force
depreciation for. MM/YYYY
BEG YTD: Current YTD Depreciation, you want to
show for that same BEG DATE
BEG ACCUM: Current ACCUM (Accumulated
Depreciation) from that same period you want to
force.
IMPORTANT NOTES:
1) While the Current Accum and Current YTD
(year to date) will show the amounts that you
forced (FOR THAT PERIOD ONLY), "Depreciation
This Run" will not include this adjusted
amount. You will need to make a journal entry
to your GL to book this adjusted amount.
2) If you force depreciation on assets that
still have life, you may want to also consider
changing the method to "RV" (remaining
value/remaining life). This will insure that
the asset(s) will fully depreciate without a
remainder.
3) Changing assets with existing BEG
information will OVERWRITE the previous BEG
information. Thus, if you were to run
depreciation for a period prior to the BEG
DATE, it will not show this asset. |
| 3. |
Applying the Economic
Stimulus Package Tax Update
IF YOU ARE RUNNING
VERSION 2002.1:
You will only need to download the 2002.1.1
update (TAX200211.EXE) and run it on all CLIENT
workstations.
IF YOU ARE RUNNING
VERSION 2001.2:
1) You will need to FIRST apply the 2002.1
upgrade (TAX2002.EXE)
2) You may then apply the 2002.1.1 update
(TAX200211.EXE)
IF YOU ARE RUNNING
A VERSION 2001.1 (or any prior version):
1) You will need to first install the 2002.1
(Full release from CD)
2) And then apply the update 2002.1.1 update
(TAX200211.EXE)
UPDATES ONLY NEED
TO BE APPLIED TO CLIENT WORKSTATIONS!
User's with Networked versions should not
install update(s) on the Server. |
| 4. |
How to populate empty
books
1. Select
File\Edit company
2. Close all books where you don't want
information over-written (i.e. books that you
have data in already). Open only the book(s)
you want overwritten by the Tax book. The data
will be preserved in the books when you close
them temporarily.
3. Starting with your first asset, From the
Main TAB, press CRTL-F on the keyboard (this
will fill the fields from the TAX book to all
open books.)
4. Confirm the operation.
5. CTRL-S will save the asset.
6. Use the GOTO arrows to go to your next asset
and repeat until you have go through all your
assets
Note: Tax book must have information in it to
be written to any other books.
BEG information does not copy in this process.
WHEN YOU ARE DONE,
DO NOT FORGET TO REOPEN ANY BOOKS YOU HAD
CLOSED THAT YOU STILL WANT TO CONTINUE USING.
You can use force
defaults to populate from the TAX book. If the
TAX book is empty, the only way to populate is
hand-key the asset data.
FAS Professional
Services can be contracted to open additional
books if requested. They are a fee-based
consulting service separate from FAS Support.
Please Contact Us if
you would like to arrange a quote for such
services. |
| 5. |
How to register
product.
TO REGISTER THE
SINGLE USER VERSION:
1. Launch Product, Then Click on NEXT
2. Then Click Register and enter Serial Number
and Activation Code.
3. Then Click OK and Launch Product.
IF you are already in the product then Goto
HELP/Product Registration and complete steps
two and three.
TO REGISTER THE NETWORK VERSION:
The network version has to be registered at the
server (or from the client workstation where
you installed if on the Netware version)
1. Go to "Start\Programs\Best Software\Product
Registration.
2. After entering the Serial Number and
Activation code, Select OK
A summary screen will appear, indicating that
the product(s) is now registered.
If you have problems registering the Server
product, you can (from a client workstation)
browse to the \\SERVERNAME\BESTSERV\FAS ASSET
ACCOUNTING\BSNETREG.EXE
Run this program and then complete the
regitration to register all workstations.
If you cannot find
your serial number and registration code,
please call Customer service at 727-726-3755.
Dash is mandatory
in serial number. IE. XXXX-XXXXX. Also verify
the activation codes. |
| 6. |
How to report on past
period
1) Backup company.
2) Calculate depreciation back to the desired
period.
3) Run the desired reports for same period.
*Please note, when rerunning depreciation for
prior periods there are several things to
consider:
Any Assets that
have been Inactivated, Deleted, or Adjusted
since the time you are running back for, they
will not show on the report in the past period
even if they were active then.
Another
alternative would be to restore a backup from
that period or use a copy of the company that
was made at year end.
***IMPORTANT WARNING:
You want to insure that if you choose this
option (provided a backup or copy exists) you
will want to restore the file to a new
directory (DO NOT OVERWRITE YOUR CURRENT
DATABASE) and add the database via Database
list manager. Give the database a different
name than the regional (e.g. YEAR END 2000).
Rerun the reports needed and then remove the
database when done. |
| 7. |
How to change
critical depreciation fields.
To change a
critical field, simply type in the new value
and click the save button. FAS will prompt you
with two questions. Answer "Yes" to both
questions to keep all the current depreciation
and continue depreciating with the new values.
If you answer "Yes" to both questions and are
using a "SL" method, you may want to change the
Depreciation Method to "RV" to make sure the
asset will fully depreciate to a "0" balance.
MACRS Formula Declining Balance assets do not
need "RV" to adjust for under depreciation.
Answer "No" to the second question to erase the
current depreciation and recalculate the entire
life of the asset with the new values. |
| 8. |
Depreciation this run
is too high
Run depreciation
for one period (or month) before the target
month, and then for the target period (month).
Please note that if the asset is subject to
immediate adjustment, this could cause
adjustments taken in a recent period to be
taken in a prior period. Please see solution id
1.0.295967.1296889 for more information or call
727-726-3755 for more help. |
| 9. |
How to install
product.
Please refer to
the "Network Installation and Administration
Guide" provided with the product CD.
or
"Installation and
Administration Guide" for Single User products.
You can obtain a
copy by contacting Customer Service at: 727-726-3755. |
| 10. |
How to apply the TAX
update
The TAX2002.EXE
update WILL ONLY UPDATE EXISTING VERSION
2001.20
You will need to have the 2001.20 version prior
to installing the file.
The file gets run on each workstation where FAS
is installed.
IT SHOULD NOT BE INSTALLED TO THE SERVER
(UNLESS THE CLIENT IS INSTALLED AT THE SERVER.)
For more information, please visit our Support
Plus Online at:
Support Plus (You will be required to login
or register in order to access)
From the HELP
menu, select ABOUT while in the program.
Check your version.
*If you are on 2001.2, you may run the
TAX2002.EXE update, then 200211.EXE.
*If you are on version 2002.1, You only need to
run the 200211.EXE
*If you are on a version prior to 2001.2, you
will first need to upgrade to this version, or
you can simply run the full update (from CD) to
the 2002.1 or 2002.1.1 version. |
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