Transitions are difficult for any class of software, but fixed asset management programs have had more than their fair share of adjustments in the past few years.What began as a simple spreadsheet noting assets and their depreciation information for tax purposes has now become a major class of software that can have a significant impact on the bottom line of a major corporation.
The spreadsheet format has largely fallen into disfavor, replaced in nearly every case by a more robust calculations engine built for database power and integration with other suites of tax and accounting software. That transition was not complete, however, when Web-based ASP applications began to take precedence, forcing software designers back to the drawing board to adjust not only to the new model, but also to increasing state requirements for e-filing.
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