CMI Fixed Assets Blog

CMI Fixed Assets Update Version 4.1.125 Available!

Posted by Kassi Mortensen on Mon, Jan 04, 2016 @11:15 AM

Tags: CMI Fixed Assets, Updates

The newest release, Version 4.1.125 of CMI Fixed Assets, is now available for download.

This version includes the Protecting Americans from Tax Hikes (PATH) Act, which was passed as part of the Consolidated Appropriations Act of 2016.  The PATH Act extends the 50% special depreciation allowance (bonus) through 2017 and makes the IRC Section 179 expense limit of $500,000 permanent.

It DOES NOT yet include the Form 4562 for 2015 but we hope to have that available by the end of this week, thus if you would like to wait and update just the one time, please watch for an additional email in a few days, otherwise, please install this update to be able to work with the changes on your 2015 assets.  

Emails are being sent to all current CMI Fixed Assets users today with information on downloading the update. If you do not receive an email by the end of the day and believe you should have, please let us know at kmortensen (at) cmifixedassets.com. OR if you have not yet renewed your annual maintenance for CMI please contact us to renew and then you will receive the update information.

CMI Fixed Assets Phone Issues

Posted by Kassi Mortensen on Fri, Sep 25, 2015 @02:32 PM

Tags: Announcements

Contact_Phone_CMI_Fixed_Assets_Accounting-Software_SpecialistsANNOUNCEMENT: We are experiencing technical issues with the 800 number for CMI Fixed Assets. Please contact Pro Systems Inc at 1-800-849-0001 and they will forward your information on to us here at CMI. Our apologies for the inconvenience while we get the phone issue straightened out.

CMI Fixed Assets Version 4.1.116 NOW AVAILABLE!

Posted by Kassi Mortensen on Mon, Feb 17, 2014 @01:36 PM

Tags: Announcements, CMI Fixed Assets, Updates

116 update

As of February 14, 2014 a new version of CMI Fixed Assets is now available on our website at this link. Version 4.1.116 includes the new 2013 Form 4562 as well as the following changes since the 4.1.111 release:

  • Updated the luxury auto and truck/van limits to be current for 2014.

  • Implemented User Override of Bonus/Special Depreciation Allowance.  If the user override box is checked CMI Fixed Assets does not recalculate Bonus Depreciation or Special Depreciation Allowance for an asset.

  • Implemented Custom Reports for Month/Quarter Depreciation. You can now define a monthly or quarterly report using the Custom Report Builder.  Print the report by selecting Month/Quarter Depreciation from the Report menu.

  • Added the ability to suppress Prior Years' Dispositons from the Dispositions report.

  • Corrected the IRC Section 179 Expense Limit calculation, so that only section 1245 and some section 1250 property can be considered to be section 179 property. (That is, only property with 4797 type of 45 or property with both 4797 type of 50 and asset type Q are considered to be section 179 property.)

We are in the process of sending an email with the current password and other relevant information to those CMI Fixed Assets users with a current annual maintenance agreement. It should arrive in your inbox shortly. If you'd prefer the password sooner give us a call at 1-800-678-3658. Or if you have any other questions or need any other assistance with the new udpate feel free to contact us at the 800 number as well.

Happy Holidays from CMI Fixed Assets and Pro Systems, Inc.

Posted by Kassi Mortensen on Mon, Dec 23, 2013 @07:01 PM

Tags: Announcements, CMI Fixed Assets

Holidays

CMI Fixed Assets and Pro Systems, Inc. will be closed on December 24th and 25th to spend the Christmas holiday with our families.

Merry Christmas from our families to you and yours!!! Thank you for being a part of CMI Fixed Assets and Pro Systems, Inc.

Tip Tuesday: Year End Close and Past Year File Creation within CMI

Posted by Kassi Mortensen on Tue, Mar 26, 2013 @05:04 PM

Tags: depreciation, copying files, data, CMI Fixed Assets, CMI Tip Tuesday, fixed assets

There are a couple of methods for accessing past year data within CMI Fixed Assets. Today we're going to discuss one of the easiest methods for creating past year files under the Select Company screen. This method is a handy way to have current and past year files all at your fingertips.

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First, you'll want to open your current company within CMI Fixed Assets. You'll notice my Demo company shown in the photo below is my 2013 file. Now we'll make a copy of the current year. {Make sure all of your Depreciation Schedules have been run for the most accurate data to be copied.}

Choose the Year End icons on the left hand side of your screen and then select Copy Company. Copy Company can also be found under File | Copy Assets | Normal Copy.

copycompany

The Copy Assets screen will pop up as shown below. You'll want to make sure that the 'Copy Company from folder' gets copied and pasted down into the 'Copy Company to folder'. In other words you want the second line, the to folder, to match the top line, the from folder.

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Select the option 'Copy One Company at a Time'. The Company Number copied from will automatically be populated with your current company. You'll want to leave that as is. The Company Number Copied to will need to be changed to the past year file that you're trying to create. In this case since my current year is 2013, the year I am getting ready to close, I named my file DEMO2013 so I know what year that file represents. Then click Copy in the top right corner.

A Question screen will then pop up asking if you want to copy the company backup data (assuming your current company has backup files available). I always choose yes since backup data can come in handy and doesn't take up much space on your computer or server.

CopyCompany3

The copy process will then complete and you'll be back at the Copy Assets screen. Here just click Exit.

Now we'll complete the process for closing our current year end, in this case I'm closing my 2013 file. Again choose the Year End icons on the right side of your screen and then the Year End Close icon. Year End Close can also be found under File | Year End Close.

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The Year End Close dialog box will pop up. As long as all of your Depreciation Schedules have been printed the Close Year End button will be available. If any of your schedules say 'Not Printed' you'll need to run that schedule to the screen and then come back to the Year End Close process. Click the Close Year End button.

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You can now follow through the prompts of the Year End Close wizard. They include such items as Deleting Prior Year Dispositions and performing a backup of your company.

Now you'll notice my current file has rolled over from 2013 to 2014 indicating that the Year End Close is complete.

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Using the process we've just discussed I now have a file for last year (2013) that I can easily open and use to print prior year reports or look at other prior year data. I also have a current company (2014) available to continue with my fixed assets for the current year.

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Now, next year I can perform this process over again to create a 2014 file for my past year and then roll over the current year to 2015. This creates a database of each past year under my Select Company screen that is easily accessible.

If you have any questions on this process or would like to discuss anything within CMI Fixed Assets please contact us at 1-800-678-3658.

CMI Fixed Assets Version 4.1.112

Posted by Kassi Mortensen on Fri, Feb 01, 2013 @02:34 PM

Tags: Announcements, CMI Fixed Assets, Pro Systems Inc, Updates

CMI Fixed Assets Version 4.1.112 is now available for download. It corrects an error with the Quick File Rebuild feature. We encourage you download this version if you already downloaded version 4.1.111.

If you have yet to download version 4.1.111 then downloading the version avilable now, 4.1.112 will catch you up through the error.

The new download can be found here. The password is the same as the one that went out with version 4.1.111. For complete instructions on completing the new update please click here.

We sincerely apologize for any inconvenience.

CMI Fixed Assets Version 4.1.111

Posted by Kassi Mortensen on Fri, Jan 25, 2013 @02:51 PM

Tags: Announcements, CMI Fixed Assets, tax laws, Updates

CMI Fixed Assets Version 4.1.111 is now available for download on the updates page of the CMI website. An email with instructions for download and the latest password went out to all customers who are current on their maintenance agreement with Pro Systems, Inc. If you did not receive an email or have other questions, please feel free to contact us. 

The features implemented since our last official release, version 4.1.100, are:

  • Implemented features resulting from the American Taxpayer Relief Act of 2012 (ATRA2012). These features include extending the 50% Special Depreciation Allowance (Asset type 3) for assets placed in service before 1/1/2014; and extending the IRC Section 179 expense limit of 500,000 for tax years beginning in 2012 and 2013, with a threshold of 2,000,000.

  • Implemented 2012 Form 4562. This form was available on the IRS website at the time of this release, but it may be changed after the IRS develops procedures for the American Taxpayer Relief Act of 2012.

  • Implemented barcodes and redesigned the asset label feature. Asset labels are no longer part of the Custom Report builder. You can now create an asset label directly from the Asset Labels dialog box, and the user interface has been simplified considerably. The asset number can now be printed  on the label as a Code 128 barcode. The asset number barcode can then be scanned on any report or feature that allows you to process selected assets (such as Depreciation Schedule or Find Asset). From the Asset Selection screen, select Scan Barcodes. Your barcode scanner must be setup to enter a carriage return or linefeed after each barcode.

  • Improved entry of the dates in which an asset is in use when the P asset type is selected.

  • Updated Luxury Auto Limits for assets placed in service in 2012.

As always we can be reached at 1-800-678-3656 if you have questions or comments concerning the update. 

Welcome to Pro Systems, Inc from J. Foster

Posted by Kassi Mortensen on Fri, Dec 21, 2012 @09:00 AM

Tags: Announcements, CMI Fixed Assets, Pro Systems Inc

FYI - You'll find the welcome announcement from Pro Systems, Inc. President, Jon Foster below. Again the announcement from CMI Software, Inc. President, Ron Tolman, about the sale of CMI Fixed Assets to Pro Systems, Inc. can be found here

Please feel free to contact us with any questions.
We can still be reached at 1-800-678-3658. 

 

September 4, 2012

 

From: Pro Systems Support Department

To: CMI Fixed Assets Customers

 

Pro Systems, Inc. welcomes all CMI, Inc. customers into the Pro Systems family!   Pro Systems, Inc. has been providing Accounting Firms and their clients with exceptional service and programming since 1978.  We  have been a reseller of the CMI Fixed Assets program since 1998.   As long time users and resellers of this package we have a true appreciation for the simplicity and function of the CMI Fixed Assets program.  Kassi Mortensen and Richard Hufford from the CMI staff have joined the Pro Systems staff and will still be your main contacts for support.   Pro Systems office opens at 9 am eastern time so any calls that fall outside of the normal operating hours for CMI will be answered by Pro Systems experienced support staff.   

As members of our Pro Systems family you will have access to the many services that we offer to our existing clients.   We have a Client Write-Up program for accountants as well as a Check Writing package that provides full Payroll, Accounts Payable and Accounts Receivable functionality at a very economical price.   Pro Systems can also provide your office with online backup, a unified threat management router for internet safety and control, and remote support for any software or technical problems.  The Pro Systems web services department can also provide a cost effective web site, e-mail services and much more. 

Any questions or problems may be directed to any member of our support team.  The contact number for support remains the same:  (800) 678-3658 .  

 

Jon Foster

President, Pro Systems, Inc.

CoverPhoto

Sale of CMI Fixed Assets from R. Tolman

Posted by Kassi Mortensen on Thu, Dec 20, 2012 @12:20 PM

Tags: Announcements, CMI Fixed Assets, Pro Systems Inc

FYI - The announcement of the sale of CMI Fixed Assets to Pro Systems, Inc. went out to all current customers of CMI Software, Inc. back in August. At this point we'd like to share the announcement here in case anyone missed the original information from Ron Tolman, President/Owner of CMI Software Inc. 

Please feel free to contact us with any questions regarding CMI Fixed Assets or Pro Systems, Inc.
We can still be reached at 1-800-678-3658.  

 

08/23/12

To:  All CMI Fixed Assets Users

From:  CMI Software, Inc. & Pro Systems, Inc.

Subject:  Sale of CMI Fixed Assets

 

After some twenty six years of development, sale and support of CMI Fixed Assets by CMI Software, Inc. the time has come for us to hand this off to others. Pro Systems, Inc. has marketed and supported CMI Fixed Assets software under the name Pro Systems Fixed Assets since 1998.  Effective July 31, 2012 Pro Systems, under the direction of Jon T. Foster, purchased CMI Fixed Assets software copyright and trade name.

Pro Systems has assumed responsibility for future development, sale and support of CMI Fixed Assets.  The people you have been accustomed to working with, Kassi Mortensen in sales and support and Richard Hufford in software development, will continue to serve you.

Effective immediately please change your contact information for CMI Fixed Assets to Pro Systems, Inc., 5100 Reagan Drive, Suite #2, Charlotte, NC 28206.  Pro Systems has been in business for over thirty years supporting CPA firms and small businesses with Client/Write-up and Payroll solutions, as well as managed IT services to secure your network and remote desktop support.  A welcome letter will be forthcoming from Pro Systems with more details about the organization and solutions.  All future payments on your account should be sent to Pro Systems, Inc, P O Box 620490, Charlotte, NC 28262. The telephone support number, (800) 678-3658, is unchanged. Support hours have been extended starting at 9 am EST through 5 pm PST.

Our relationship with you over the years in providing and supporting CMI Fixed Assets, in previous years named CFAAS and THE SYSTEM - Fixed Assets Accounting, has been much more than a pure business association.  Some of you have been with us for the entire 26 years.  We have been able to personally meet some, though not many, of you.  Your suggestions, kindnesses and support have been important and rewarding to us.  We sincerely appreciate you and your business association over these many years. You continue to be in good hands with Jon and all the folks at Pro Systems, Inc.  They have a good background and many interesting ideas on how to move forward and continue to serve you.

 

Sincerely,

 

Ronald C. Tolman

CMI Software, Inc.

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Consolidating Companies within CMI Fixed Assets

Posted by Kassi Mortensen on Wed, Dec 28, 2011 @06:07 PM

Tags: Announcements, company files, CMI Fixed Assets, fixed assets

We'd like to announce an exciting new feature available within CMI Fixed Assets!

You now have the ability to consolidate several companies within CMI into a single main company!

Now a few simple steps can consolidate several companies at one time! For example, if you prefer to use the companies within CMI as separate locations or departments, but need to consolidate those to be able to print a multi-company report, you can now use the Consolidate Companies feature to do so.

To consolidate your companies within CMI Fixed Assets, thus creating a New consolidated company, the steps are as follows:

Tools -> Consolidate Companies -> New

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The program will then prompt you to Enter a new consolidated company number. This will denote your main Consolidated Company.

Next you will be prompted to choose the member companies for consolidation. Select, using your mouse, the companies to be consolidated from the list of companies shown.

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*Note: Each company you choose to consolidate must have the same number of characters in the asset numbers (shown under the Edit company screen, max. of 9 characters/digits long) and the same schedules (i.e. Tax, Book, State, etc).

You can then type in the Consolidated Company Name.

The User Field to Contain Member Company No. is just one of the ten User Defined Fields on the Edit Company screen. You can choose to use any of the ten fields. It will contain the number of the member company where each asset is located.

Then simply click OK in the top right corner of the Box shown above.

You can now print reports from your Consolidated Company that will show a consolidated list of all assets in the member companies selected.

*Note: Assets from company one will be marked with an A before each asset number, B for company two, and so on. For example, here you can see I had two of the same asset numbers in each company had an asset with the same number, thus asset number 94 from company one is denoted with an A while asset 94 from company two is denoted with a B. In this case where the asset descriptions are the same, the letters preceding the asset numbers serve as a means of differentiation between the assets in the consolidated companies.

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In the first screen shot shown at the top of the post notice you also have the options under Consolidate Companies to Change or Update. The Change feature is used to add or remove Member Companies or otherwise make changes to an original consolidated company. Update is used after making changes to any member company as a means of updating those changes in the consolidated company to print up to date reports. Also, please be aware that changes to assets within the consolidated company ARE NOT PERMANENT! Changes to individual assets should be made in the specific member company.

The Consolidated Companies feature is available in the current version of CMI located under Downloads -> Updates on our website www.cmifixedassets.com.

If you have any questions concerning this feature or anything else related to CMI please contact us at 1-800-678-3658.