Switching from Fixed Assets CS
A Fixed Assets CS register converts into one that stands on its own.
Whether the register is moving in-house or the firm is consolidating clients, this is how it converts.
| Source field | Fixed Asset Desk field | Status |
|---|---|---|
| Internal book | Book | Mapped |
| Tax book | Federal | Mapped |
| State book | State | Mapped |
| AMT book | AMT | Mapped |
| ACE book | User-defined book 1 | Mapped |
| Prior accumulated (all books) | Prior depreciation by book | Loaded as filed |
| Property type / est. life | Class / life | Table |
| Averaging convention | Convention | Table |
| G/L asset acct, expense acct | GL accounts | Mapped |
| Custom field 3 (Grant no.) | Custom: Grant number | Created |
| Validation: 1,284 loaded · 0 rejected · 3 warnings (unusual method and life combinations flagged for review) · Map saved as "Fixed Assets CS standard" | ||
What we need from you.
The asset list export with all treatments (Tax, Book, State, AMT, ACE, custom), the depreciation schedule and Form 4562 from the last return, and the disposal report.
- Time
- 5 to 7 business days from the file to the parallel run
- Price
- Quoted on the file, fixed once given
- Who
- Our staff, not a wizard; the same account manager afterwards
Every field carries over.
| In Fixed Assets CS | In Fixed Asset Desk | How |
|---|---|---|
| Tax treatment | Federal | Direct |
| Book treatment | Book | Direct |
| State treatment | State | Direct |
| AMT and ACE treatments | AMT; ACE as user-defined | Direct |
| Prior depreciation by treatment | Prior depreciation by book | Loaded as filed; rounding differences found in the parallel run |
| Bonus and mid-quarter assets | Elections and conventions | Loaded; nothing re-entered |
| Client and entity structure | Entities | A firm can hold many clients in one register |
| Disposals | Events with dates | Loaded |
| Associations (location, department, GL) | Same | Direct |
The tie-out has five steps.
- You send the export and your last filed schedule. Fixed quote within one business day.
- We load every asset with prior depreciation in each book.
- You run the last closed year in parallel. Our report reconciles cost, accumulated depreciation and expense to your filed figures.
- Differences are explained before go-live. You keep the reconciliation for your auditor.
- Go live with the same account manager.
Things to know.
Reviewers of Fixed Assets CS describe difficulty importing bonus and mid-quarter assets and rounding differences after conversion; the parallel run exists to catch both. The register does not depend on a tax-suite licence.
Statements about Thomson Reuters Fixed Assets CS come from the vendor's public website and published user reviews as of September 2026: tax.thomsonreuters.com product pages and help center; Capterra, G2 and TrustRadius reviews, 2024 to 2026; Fixed Assets Desk Inc. vendor review, September 2026 (summary on request).
The questions asked before leaving Fixed Assets CS, answered.
Will we lose depreciation history moving from Fixed Assets CS?
No. Every asset is loaded with prior accumulated depreciation in each book, as filed; methods, lives, conventions and elections are mapped, not re-derived.
How long does the conversion take?
Five to seven business days from the export to the parallel run, for most registers.
What does it cost?
Quoted on the export; multi-client conversions for firms are quoted per register at a firm rate.
What if the old register carried an error into a filed return?
We show it to you rather than reproduce it silently; you decide whether to match the return or correct it going forward.
Does the register still depend on the tax suite afterwards?
No. The Form 4562 worksheet exports for whichever preparer software the return uses.
Try it on your own register.
Fourteen days, the full product, no card. Load your assets, run a schedule, compare it with what you filed.
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