The following sections describe how to change various default asset data-entry and calculation options.

User preferences

These options can be set for each user, including users on network installations.

To perform the following tasks, choose Setup > User Preferences. (User preferences are available only when the asset module is not open.)

• Specify client data and integrated application file locations
• Customize the use of the ENTER key
• Alternate background color on lists
• Change cursor movement in the Depreciation tab for MACRS assets
• Change how assets are automatically numbered
• Change the default starting field to begin asset data entry in the Asset # field

Client-specific options

These options can be set on a client-by-client basis and are available only when a client is open.

To access these options, open the Asset List window for an activity, choose Setup, and choose one of the following options.

Activity

Situses

Associations

Treatments

Method/Life Wizard

1065 Allocation (UltraTax/1065 clients only)

Options

Custom depreciation methods

To create custom depreciation methods for use with any client, open the Asset List window for an activity and choose Setup > Custom Methods.

See Defining a custom method for calculating depreciation for details.

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