Discussion:ProSeries Problem

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JR1 (talk|edits) said:

January 23, 2007
Be aware that the Depreciation in the 1120S is not computing correctly, and I'm talking about the total, not the detail lines. I transferred from last year, opened the return, entered current year additions, was off, so went back to check detail, which matched up, but total line does not total correctly off the report! Beware. Override is necessary.

Dennis (talk|edits) said:

23 January 2007
Mine is fine.

Death&Taxes (talk|edits) said:

23 January 2007
Proseries sent me Fixed Asset Manager for some reason; first return I used it on is an S where all items are reported on Form 8825 [my South Philly insurance man who forms LLCs for real estate deals and then elects S....insurance men can never be told anything]. I added a new property on the 1120S, but entered no depreciation information and did all the depreciation in FAM. When I imported, it dropped the depreciation for the new property on the front page but that was my lack of knowledge of FAM. The other returns I've done, more of his LLCs and one photographer, look okay to me.

JR1 (talk|edits) said:

January 24, 2007
For anyone who read this yesterday, and a how-to/warning...here's the deal. When you pull up the new Depreciation Report, which you inconveniently cannot now double click on to get to the underlying asset detail!!!!!, if you override a total shown there, it will not change the total for the page. i.e., it's more of a pdf report than a live report. So you must go to the underlying asset detail and override the amount there, which will then flow back to the Dep. Report and the return correctly. Last year, it didn't care where you made the override. Now it does. More helpful changes. Ahem. Why couldnt' the bloody thing be programmed so that if you double click an asset, that asset detail opens? Is that too much to ask for?

Deback (talk|edits) said:

January 24, 2007
Also, to get to Next Year's Depreciation, you now need to click Depreciation Reports and then click Yes to calculate Next Year's Depreciation and then click the box to view the report. Why can't things that used to work fine stay the same from year to year?

Death&Taxes (talk|edits) said:

24 January 2007
But then I would have those horrible Depreciation Reports where it would take me forever to see what was going on, unless I decided to print out each asset history. But it looks like I have to do just that to get next year's depreciation.

Dennis (talk|edits) said:

24 January 2007
My bitch is that you have to print the damn thing to read it.

Deback (talk|edits) said:

January 24, 2007
You're right about that. Sometimes, things do improve, and I love the new depreciation reports (that print like they always should have). The Next Year's Depreciation report will print out nice, with columns, just like the current year. Once you find where to have the program calculate it, then you can print it without having to print out each asset history.

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