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Setup

Menu commands

The menu commands you can access depend on whether the
Asset List
 or the
Asset Detail
 window is open and if they're relevant to the client and asset.
  • Add a new client.
  • Open an existing client.
  • Modify general information for the active client.
  • Close, save, rename, or delete clients.
  • Print forms or reports.
  • Print reports for the current asset.
  • Back up or restore client data.
  • Send client data files through email or to a file.
  • Advance the current client or multiple clients to the next depreciation period.
  • Add, modify, or divide assets.
  • Cut, copy, and paste assets.
  • Cut, copy, and paste treatments.
  • Add, delete, and open component asset information for an aggregate asset.
  • Search for an asset by name.
  • Reassign assets.
  • Reassign images.
  • Delete overrides.
  • Undo asset changes.
  • Renumber assets.
  • Access calculator.
  • Add or modify client notes.
  • Access or manage links to external client resources.
  • Handle supplemental depreciation calculations.
  • Calculate depreciation for all assets.
  • Display the current-period or prior-period calculation for the current asset.
  • Specify use of the mid-quarter convention. Record mass dispositions.
  • Record mass transfers.
  • Specify / invoke information for section 280F recapture for listed property with business use that has fallen below 50%.
  • Record vehicle data.
  • Update Profiles from Template.
  • Display summary information.
  • Display journal entries.
  • Enter the maximum section 179 expense allowed.
  • Display prior-year data for the current asset.
  • Enter the investment credit recapture.
  • Enter the Hawaii excise tax credit recapture.
  • Designate an asset as real property.
  • Display the section 179 summary.
  • Enter the maximum start-up/org expense allowed.
  • Generate the AMT, E&P, ACE, or Current columns.
  • Display the start-up/org expense summary.
  • Open an existing inventory or start a new inventory (if you are licensed for the Fixed Assets Inventory module).
  • Import from an ASCII or XLS (Microsoft Excel) file.
  • Export asset data.
  • Display client status entries.
  • Print a report of processed clients and relevant client data.
  • Print asset labels.
  • Open CS Connect.
  • Open FileCabinet CS.
  • Define system configurations.
  • Specify user preferences.
  • Define state calculations.
  • Define custom depreciation methods.
  • Create custom reports.
  • Specify which list of asset classes the Method/Life Wizard should use for the current activity.
  • Add or edit business activities and asset associations.
  • Add or edit treatments.
  • Set up the Image Library.
  • Set up the Method/Life Wizard.
  • Enter special allocations for 1065 clients.
  • Set up journal entry accounts.
  • Set various data-entry and calculation options.
  • Customize the columns that appear in the Asset List window.
  • View keyboard shortcuts.
  • Create a license CD.
  • View the MACRS Asset Life table.
  • Log in to Checkpoint if you are licensed.
  • Repair client listing information and lock files.
  • View and print user bulletins.
  • View and print frequently asked questions.
  • View current licensing information.
  • Access the UltraTax CS Ideas Community.
  • Link to the CS website, the IRS website, or the Forms CS approval page.
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