We use PeopleSoft AM for our US tax reporting. We have tax books for Federal, State, and a special one for California (not sure exactly the specifics on this one). For the Federal and State books it does take some time and effort to get everything setup correctly and it is a learning curve to make sure users update the books correctly. We have been pretty clean with this process for the last few years. Our biggest issue is when an asset is entered under the wrong profile, then the book changes don't get made when transferring the asset to the new category. It would be nice if you could transfer an asset to a new profile, so it picks up all the profile defaults. I usually have a list of assets that have to be fixed for the prior year once the tax audit is complete.
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