The AIMS Wire -- November 2011

Volume 14, No. 11

Process Automation Modules available for COMPAS 8.0:

  • C-Store Control

  • Interface between COMPAS 8.0 and 3rd party C-store systems

  • Payroll (incl. 401k and cafeteria features)

  • Cardlock (network card processing as an option)

  • Rack Price Import

  • E-BOL Import

  • E-Fuel Invoice Import

  • A/R EFT

  • Document FAX

  • Document E-mail

  • Fuel Delivery (with degree day forecasting)

  • Credit Card Processing

  • Bank Reconciliation

  • Purchase Order

  • Mass Quotes

  • Salesmen's Commission

  • Rebates

Process Automation Modules available for COMPAS Commander

  • Business Intelligence dashboard

  • Cardlock (network card processing as an option)

  • Credit Card Processing

  • C-store Control

  • Interface between Commander and 3rd party c-store systems

  • Customer EFT

  • Document Distribution (auto fax and email)

  • Fuel Readings Import

  • Fuel Delivery Export

  • Journal Entry Import

  • Marketing Assistant

  • E-BOL Import

  • Electronic Motor Fuel Tax Export

  • Rack Price Import

  • Salesmen's Commission

  • Rebates

Attention AIMS Payroll Software Users

For COMPAS 7.0 and COMPAS 8.0 Payroll software users, there will be no programming changes if you are filing paper W2's or paper 1099-MISC for the payroll year ending in 2011.  However, if you are filing W2s electronically (EFW2), there will be a change.  We will be sending out a Payroll upgrade that can be installed any time before the end of the year.  The End of Year procedures will be sent to you as soon as the IRS publishes Circular E with 2011 tax rates.  This is usually done around December 15th. 

Software and the Section 179 Deduction


Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It's an incentive created by the U.S. Government to encourage businesses to buy equipment and invest in themselves.

Software is one of the things that qualifies for a Section 179 deduction--but not all software. 

For basic eligibility, the software must meet all of the following general specifications: 
  1. The software must be financed (only specific leases or types of loans qualify), or purchased outright by you.
  2. The software must be used in your business or income-producing activity.
  3. The software must have a determinable useful life.
  4. The software must be expected to last more than one year.

In addition, these three specific stipulations must be met: 

  1. The software must be readily available for purchase by the general public.
  2. The software must be subject to a non-exclusive license.
  3. The software must not have been substantially modified.

Upgrade to COMPAS Commander and deduct the software's cost from your gross income!

AIMS Holiday Schedule

AIMS' offices will be closed Thursday and Friday, November 24th and 25th, in observance of Thanksgiving.  We wish you and yours a Happy Thanksgiving!


AIMS, Inc.
235 DeSiard St.
Monroe, LA  71201
800-729-2467
aims@aims1.com
 www.aims1.com