SAP Reports for US Tax Forms 4562 Depreciation & 4797 Asset Retirements

Although SAP provides different countries with unique fixed asset reports, none of the standard nor US reports align with IRS tax depreciation (Form 4562) and asset disposition (Form 4797) requirements. BETTISWORTH offers subscription-based, ABAP and Fiori-enabled reports that match the IRS forms exactly, simplifying tax reporting, ensuring accuracy, and saving time for tax managers. These reports are compatible with SAP's ECC and S4HANA systems. The annual subscription ensures IRS regulation conformance and includes troubleshooting for fixed asset configuration issues, leveraging BETTISWORTH’s extensive experience in tax depreciation and SAP.

In this session you will learn:

• Reporting Options: Enabled for prior year reporting and current year forecast
• IRS Form Preparation: Simple 2-steps to update IRS Form 4562 and IRS Form 4797
• Pre-delivered Queries: Specific selection queries for each IRS line item
• Detailed Transactions: Extract detailed asset data for each IRS line item
• In-SAP Excel Functionality: Quickly identify problematic useful life, depreciation key, and more
• Form 4797: Consolidate and eliminate duplicate transaction postings
• Multi-Company: Create and analyze multiple company returns in one workbook