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Design Data Associates

A financial software company

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  • Services
    • Classes
    • Desktop Data Access (DDA+)
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    • RightSize/iSeries
  • Accounts Payable
    • AP Input Flow
    • Check Reconciliation Flow
    • Check Write Processing Flow
    • Company Controls
    • Data Entry
    • GL Interface Processing Flow
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    • Online Processing
    • PO Input Flow
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    • System Narrative
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  • Fixed Assets
    • Acct & Ctrl Reports
    • AIM
    • Asset Features
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    • Company Controls
    • General Report Writer
    • GL Interface
    • Optional Modules
    • Report Select
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  • General Ledger
    • Acctg and Control Reports
    • AIM
    • Allocations
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    • Ease of Implementation
    • Journal Processing
    • Online
    • Period Aggregate Capability
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  • Project Accounting
    • Acct and Ctrl Reports
    • Asset Translation Controls
    • Commitment Controls
    • Company Controls
    • Expenditure Controls
    • Optional Modules
    • Project Controls
    • System Narrative
    • Work Unit Controls

Report Select

The Report Select Program (FAP400) reads the Asset and Book Master Files and creates report transactions for assets/books based on company report options.

Report Group 1:
The report records produced by the Report Select Program are sorted into company and report sequence, and are subsequently read by the Report Write 1 Program (FAP420). Report Write 1 proceeds to format and print detail lines as well as accumulate and print totals. The Report Write 1 produces the following reports:

  • FAR01 – Additions Report
  • FAR02 – Transfers Report
  • FAR03 – Retirements Report
  • FAR04 – Reserve Ledger
  • FAR05 – Property Listing
  • FAR06 – Tracking Report

Report Group 2:
The Report Write 2 Program (FAP440) follows exactly the same processing steps as Report Write 1. The reports produced by Report Write 2 are:

  • FAR07 – Minimum Tax Report
  • FAR08 – Cost/Reserve Summary
  • FAR09 – Tax Cost/Reserve Summary
  • FAR10 – Reserve Edit Report
  • FAR11 – Gains and Losses
  • FAR12 – Insurance Valuation

Report Group 3:
The Report Write 3 Program (FAP460) follows exactly the same processing steps as Report Write 1. The reports produced by Report Write 3 are:

  • FAR13 – IRS 4832: Part-II
  • FAR14 – IRS 4832: Part-III
  • FAR15 – IRS 4832: Part-IV
  • FAR16 – IRS 4832: Part-V
  • FAR17 – Guideline Form 5006

Report Group 4:
The Report Write 4 Program (FAP480) follows exactly the same processing steps as Report Write 1. The reports produced by Report Write 4 are:

  • FAR18 – Maintenance Report
  • FAR19 – Construction In Progress and Budgeting
  • FAR20 – Leased Property
  • FAR21 – Adjustments Report
  • FAR22 – Investment Tax Credit
  • FAR23 – Energy Investment Credit
  • FAR24 – Investment Credit Recapture

Annual Reports:
Current, quarterly, quarterly year-to-date, year-to-date, and annual reports are written together based on company options. This eliminates the need for special year-end runs of any of the above programs.

Depreciation Projection:
Depreciation is projected into the future for a company by the Depreciation Projection Program (FAP500). Based on options entered for each company being projected, a report conforming to those options is provided. The Projections Report has the same report options available to it as Accounting Reports 1-24.

Report Splitter:
Any program producing a report may optionally have its report output written to a report splitter file. The Report Splitter Job (FAJ880) merges report split files for multiple programs, writes report records to from 1 to 12 destination files, and will print user-specified destination files.

ADR Tax Year-End Processing:
At year-end, the projection program is run using both ADR and non-ADR depreciation calculations. A special select program (FAP230) is run. If ADR is selected for a company, individual assets added this year to an ADR account are grouped under a single asset number in the books that take the ADR election. The System also records the year’s retirement, maintenance expense and inter-company transfers of ADR assets in the respective vintage accounts. A Report Write Program (FAP460) produces the 4832 Report that is filed with the Federal Income Tax Return.

Each company book may elect to use or not to use ADR. In addition, each company book may specify that optimum depreciation methods be used. The specification of optimum methods will cause the depreciation method specified for the book as a whole at year-end to be applied to those assets for which the optimum method was selected. Selection of a first-year prorate convention may also be deferred until the end of the year in which the assets are placed in service.

Guideline Class Life System:
Assets placed in service prior to 1971 may be depreciated under the Guideline Class Life System. To use the System, assign each asset a guideline class from Revenue Procedure 72-10 and use the class life as the estimated life on the tax book. A guideline code is used when setting up the Federal Tax book to indicate that this asset is to be included in the Form 5006 Report. The report is produced at the end of the Federal Tax fiscal year and summarizes cost and depreciation of guideline assets by class.

Contact Us:

Mailing Address

PO Box 33704
Raleigh, NC 27636-3704
Phone: (919) 376-1100
FAX: (919) 376-1200
Email: info@ddasoft.com

Street Address

4000 Blue Ridge Road โ€“ Suite 100
Raleigh, NC 27612

Click here for driving directions

Hours

Monday โ€“ Friday ~ 9 am โ€“ 5 pm

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