About the Software

Built for precision. Designed for compliance. Riska's Fixed Assets is a professional-grade depreciation engine for modern accounting.

A Complete Calculation Engine

Riska's Fixed Assets was engineered to replace error-prone spreadsheets with a robust, database-driven solution. It provides a comprehensive suite of 12 distinct depreciation methods, including MACRS 200, MACRS 150, Straight-Line, and AMT.

Unlike cloud-only alternatives, this software operates as a secure desktop application with a professional interface, ensuring your client data remains offline and under your total control.

Key Capabilities

  • Unlimited Assets & Clients
  • Dark Mode Interface
  • CSV Import/Export
  • Keyboard Shortcuts
Under the Hood

Technical Specifications

Advanced features designed to handle complex tax situations.

Tax Compliance

The system is pre-loaded with recovery periods for personal and real property (3, 5, 7, 27.5, 39 years). It automatically handles:

  • Bonus Depreciation: Phase-out rates (100% to 0%) handled automatically by tax year.
  • Section 179: Expense election with eligibility checking.
  • IRS Forms: Generates data for Forms 4562, 4797, and 8824.

Intelligent Automation

Reduce manual errors with built-in logic checks:

  • 40% Rule Detection: Automatically warns if Q4 additions exceed 40% of the total basis.
  • Mid-Quarter Auto-Fix: Automatically adjusts the convention if the 40% rule is triggered.
  • Year-End Close: Guided wizard to roll forward balances to the new tax year.

Multi-State Support

Handle complex multi-state filings easily:

  • 10 Books Per Client: Manage Federal, AMT, ACE, and multiple State books simultaneously.
  • State Limits: Pre-configured rules for all 50 states, including decoupled Bonus/Sec 179 limits.
  • Method Cloning: Quickly copy Federal assets to State books to save entry time.

Financial Reporting

Beyond tax forms, the software provides deep financial insights:

  • Depreciation Projections: View a 5-year bar chart forecast or a 10-year projection dashboard.
  • Journal Entries: Generate monthly or annual GL entries for QuickBooks.
  • Audit Trail: Every creation, update, and deletion is timestamped and logged for security.