Once Is Enough

At Lucasys, we understand that your time is one of your most valuable resources. That’s why we’ve built our systems to ensure that the work you’ve done in prior periods is preserved—even as new data is added or processes are updated.

The Lucasys software is designed to seamlessly integrate new information, such as additional budget data or actuals for new months, without overwriting or losing prior period adjustments. Using Incremental and Merge import options, you can update your data while retaining all topside or manual adjustments from earlier periods.

Vadim LantukhFebruary 12, 2025Lucasystax depreciation, deferred tax, tax fixed assets, lucasys, saas

Innovation in Tax Fixed Assets: Hope Utilities Adopts Best-in-Class Lucasys Software

Leading natural gas and water distribution services company, Hope Utilities, has implemented Lucasys’ industry-leading tax fixed asset software. Faced with the challenges of maintaining legacy software systems, Hope Utilities recognized the opportunity to streamline their accounting solutions and transform their business processes.

Summit Utilities Partners with Lucasys to Streamline Tax Fixed Assets

In a pivotal move towards operational efficiency and advanced technology adoption, leading natural gas company Summit Utilities has embarked on a transformative endeavor with premier software and consulting firm Lucasys to revolutionize their tax fixed asset software.

Corporate Tax Rate Changes Are on The Horizon: What Utilities Need to Know

As the landscape of corporate tax rates remains uncertain, one thing is crystal clear: utilities must be prepared to adapt swiftly when change inevitably arrives. The timing and specifics of these rate adjustments may be hazy, but one proactive step utilities can take is investing in modern tax software that offers flexibility and functionality. Adaptable tax software can empower tax departments to adjust their computations quickly and efficiently in response to evolving tax regulations, ensuring compliance and accurate financial reporting in a dynamic tax environment.

Empowering Modern Utilities: The Essential Investment in High-Performance Accounting Software

In an era where technological advancements are reshaping industries and redefining the very essence of efficiency, utilities find themselves at a crucial crossroads. Ever-growing demand for reliable energy services has placed an enormous burden on rate-regulated utilities to streamline their operations and optimize every facet of their business. However, many utilities continue to rely on outdated accounting systems and processes that limit their ability to adapt to an evolving landscape. Investment in high-performance computing is becoming critical for operational success, and utilities need a viable plan for transitioning to the best available accounting technology in order to drive sustainable growth in a competitive market.

Navigating the Age Wave: The Maturing Workforce in the Utility Industry

A significant trend has emerged in the utility landscape that demands attention and adaptation: the age of its workforce. The average age of employees in the industry consistently surpasses the national average. As veteran workers approach retirement, rate-regulated utilities are being prompted with both challenges and opportunities. As utilities confront their own business processes and explore the next generation of software solutions, Lucasys stands as an industry leader.