- Book IDs are four characters long and user-defined.
- Each book may have its own year-end and number of periods in the year.
- Any book may be reopened after year-end to apply prior year activity, to compute depreciation and to generate reports for the prior year-end.
- Each book may specify which of six asset cost elements are included in the asset cost basis for the book.
- Depreciation may be suspended on a book basis.
- Each book may specify if Federal Tax rules will be used when calculating depreciation for assets on that book.
- Each book may specify its own depreciation expense distribution pattern, based on a user-defined weighting structure.
- Any book may specify an optimum depreciation method, prorate code and straight-line switch which will be used at year-end for all assets choosing the OPT depreciation method.
- Assets that have been retired for a specified number of years may be automatically dropped from the file based on book retention period.