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You can calculate and monitor your clients’ fixed assets and depreciation activity with Onvio Fixed Assets. Using the method of depreciation, life, and the date that an asset was placed in service, Fixed Assets automatically calculates depreciation.

Follow these steps to open an asset in Onvio Fixed Assets. 

The Assets tab will open when you launch Onvio Fixed Assets. This is where you can view and add a new asset as well as open an asset to edit the information that you have already entered.

Click the Settings button to customize project information, calculation settings, bonus depreciation elections, treatments, associations, and situses.

After you save your work, click the Onvio Tax tab to view the asset information.

Depreciation tab

Set up treatments

Situs tab

Depreciation calculation methods

Calculations for sec 168(k) / bonus depreciation qualified assets