Switching from Fixed Assets CS
From Fixed Assets CS to a register that stands on its own.
Fixed Assets CS lives inside the CS Professional Suite and is often kept by the preparer rather than the company. If the register is moving in-house, or the firm is consolidating clients, this is how it converts.
What we need from you
The asset list export with all treatments (Tax, Book, State, AMT, ACE, and any custom), the depreciation schedule and the Form 4562 from the last return, and the disposal report.
| 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) | ||
What carries over, field by field
| 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; the rounding differences reviewers describe are found in the parallel run and documented |
| Bonus and mid-quarter assets | First-year elections and conventions | Loaded; nothing has to be re-entered |
| Client and entity structure | Entities | Recreated; a CPA firm can hold many clients in one register |
| Disposals | Events with dates | Loaded |
| Associations (location, department, GL) | Same | Direct |
How the tie-out works
- You send the export and your last filed schedule. We confirm the file within one business day and give you a fixed conversion quote.
- We load every asset with prior accumulated depreciation in each book. Methods, lives, conventions and elections are mapped, not re-derived, so history is preserved exactly.
- You run the last closed year in parallel. Our reconciliation report lists cost, accumulated depreciation and current-year expense by account and by book against your filed figures.
- Differences are explained before go-live. Each one is documented with the cause, usually a rounding rule or a convention setting in the old system. You keep the reconciliation for your auditor.
- Go live with the same account manager. Five to seven business days from the file to the parallel run.
Things to know
Reviewers of Fixed Assets CS describe difficulty importing bonus and mid-quarter assets and rounding differences after conversion. Both are exactly what the parallel run exists to catch, and the reconciliation is documented before go-live.
For firms: the register does not depend on a tax-suite licence, and the Form 4562 worksheet exports for whichever preparer software the client's return uses.
Cost
Quoted on the export; multi-client conversions for firms are quoted per register with a firm rate.
Sources for statements about Fixed Assets CS
Statements about Thomson Reuters Fixed Assets CS on this page come from the vendor's public website and from published user reviews as of September 2026. They describe what reviewers reported, not our own testing.
- Thomson Reuters Fixed Assets CS product page and help center, tax.thomsonreuters.com
- Capterra, G2 and TrustRadius user reviews of Fixed Assets CS, 2024 to 2026
- research/competitors/tax-and-accounting-vendors.md in the project repository
Try it on your own register.
The 14-day trial is the full product. Load a spreadsheet of your assets, run a schedule, and compare it with what you filed. No card is needed.