CMI Fixed Assets Version 4.1.111 is now available for download on the updates page of the CMI website. An email with instructions for download and the latest password went out to all customers who are current on their maintenance agreement with Pro Systems, Inc. If you did not receive an email or have other questions, please feel free to contact us.
The features implemented since our last official release, version 4.1.100, are:
Implemented features resulting from the American Taxpayer Relief Act of 2012 (ATRA2012). These features include extending the 50% Special Depreciation Allowance (Asset type 3) for assets placed in service before 1/1/2014; and extending the IRC Section 179 expense limit of 500,000 for tax years beginning in 2012 and 2013, with a threshold of 2,000,000.
Implemented 2012 Form 4562. This form was available on the IRS website at the time of this release, but it may be changed after the IRS develops procedures for the American Taxpayer Relief Act of 2012.
Implemented barcodes and redesigned the asset label feature. Asset labels are no longer part of the Custom Report builder. You can now create an asset label directly from the Asset Labels dialog box, and the user interface has been simplified considerably. The asset number can now be printed on the label as a Code 128 barcode. The asset number barcode can then be scanned on any report or feature that allows you to process selected assets (such as Depreciation Schedule or Find Asset). From the Asset Selection screen, select Scan Barcodes. Your barcode scanner must be setup to enter a carriage return or linefeed after each barcode.
Improved entry of the dates in which an asset is in use when the P asset type is selected.
Updated Luxury Auto Limits for assets placed in service in 2012.
As always we can be reached at 1-800-678-3656 if you have questions or comments concerning the update.
