Fixed Assets

Introduction

The Fixed Assets (FA) module allows monitoring and reporting on all fixed assets through tracking assets and related information from the time of acquisition until they are purged from the database. FA also performs depreciation calculations while all required entries are made to the General Ledger.

Features

• System handles all asset information updates interactively.
• System maintains a chronology of the asset's location by employee, room, building, or department.
• Depreciation calculations include straight line, sum of the years' digits, 150% and 200% declining balance, and may be calculated by units of production or units expended.
• The option to defer depreciation until the next full year is available for acquisitions in the present year to avoid partial year complexities.
• All entries to the General Ledger are defined by the client at the time of installation. Clients may selectively post to the General Ledger or the Assets database only.
• Special codes and descriptions can be associated with any asset allowing the client to have user-defined groupings of asset information. This powerful feature may be used to schedule maintenance, plan for replacement, or perform client-defined modeling instructions that are critical during the budget-planning phase.
• Fail-safe audit trail of all entries posted to the General Ledger.