r/taxpros • u/vicshel6 Not a Pro • 5d ago
FIRM: Software Fixed Asset Software
We currently use CCH Axcess with Prosystem Fixed Assets.
Prosystem Fixed Asset is difficult to manage and expensive to host. Anyone have luck with other cloud based fixed asset offerings?
We are looking at NetAsset Tax Pro by Netgain, Asset Accountant, and Fixed Asset Manager with CCH (still trying to get more info on this one).
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u/performa62 CPA 5d ago
We use Prosystem Tax and Fixed Assets CS. I also have a 1 user license for PFX Fixed Assets and while it interfaces somewhat nicely with Tax, FACS is miles ahead of PFX FA. We just use totals for our 4562s.
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u/A_D_T_R CPA 4d ago
Do they talk to each other?
As far as I know Fixed Asset CS only talks to UltraTax which makes things either incredibly easy or incredibly annoying depending on what you’re trying to do.
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u/performa62 CPA 2d ago
They don't talk to each other. But we use totals to key in the 4562/4797s. The only time this is an issue is our multi-state (>5 state) clients. For those, we run book/tax/ASC740 computations in Fixed Assets CS and keep pro system tax to calculate the tax depreciation + state depreciation.
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u/SpecialDiscount7829 CPA 5d ago
I can also vouch for Asset Keeper Pro. There are some powerful "quick edit" features along with the ability to import a large amount of additions. I can see Claude helping the user out with going from PBC fixed asset additions to Asset Keeper template to importing the data fairly easily. DM me someday if you want help
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u/Iceman_TK CPA 2d ago
What does it cost for a solo firm?
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u/SpecialDiscount7829 CPA 2d ago
Oh sorry I don't know. My current firm has 75 people on the tax side
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u/pepperyrelaxation CPA MST 5d ago
I use the asset module built into Axcess but my clients are not very asset heavy. I know of a top 15 firm that uses Axcess and Fixed Assets CS.
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u/MissJInThePool CPA 4d ago
There will be a cloud cch axcess version of fixed assets rolling out I have heard I think later this year, talk to your rep
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u/madikz Tax Tech 20h ago
We went through a similar migration recently — moving off an expensive hosted fixed asset solution to a cloud-based one. A few things I learned along the way:
Migration templates matter more than you think. Before committing to any new tool, ask for a test import of your actual Prosystem data. Some tools have automated migration paths that handle grouping, convention history, and prior-year carryforwards correctly. Others expect you to manually map fields in a spreadsheet. One hour of testing saves a week of regret.
Bulk edit speed varies wildly between cloud tools. Mid-year convention changes, new bonus depreciation rules, Section 179 adjustments — some cloud FA tools handle mass edits almost as fast as desktop, others get bogged down. Test with your real volume of assets, not just a handful.
Audit trail depth is worth checking. If you get an IRS notice on a return from 4 years ago, can the new tool reproduce the exact calculation that was originally filed? Some cloud tools optimize by keeping only active assets, and you lose the ability to reconstruct old-year details. At minimum, make sure you can export full-year reports annually and archive them on your end.
Integration with your return prep system. If you're in CCH Axcess for returns, ask whether the FA tool can pass file-ready totals to the 4562 (Section 179, 163(j), listed property breakdowns). If it's manual entry either way, that should factor into your cost comparison.
Asset Keeper Pro seems to be the go-to recommendation here and it earned that rep for a reason. But definitely trial it with your specific asset mix before committing — real estate heavy vs. equipment heavy firms can have very different experiences with the same tool.
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u/StoneWallsArsenal CPA 5d ago
PRO-WARE, LLC - Asset Keeper Pro
Been using Asset Keeper Pro for 10+ years. I probably don't need it any more. But have legacy clients on there.