The Fixed Assets feature easily maintains accurate and timely balances on assets calculating both book and tax values. This gives you a complete movement and history of assets including depreciation calculations, reevaluations, disposals and asset transfers.

Fixed assets feature includes:

•  Assets can be categorized by asset type and location.
•  Maintain both book and tax value for assets.
•  Ability to create new assets from existing asset details.
•  Perform diminishing, straight line or prime cost depreciations.
•  Flexible depreciation calculations including calculations, and frequency such as, daily, monthly, quarterly, six monthly and yearly.
•  Revalue or write-off assets.
•  Partly or totally transfer assets.
•  Purchase of new assets can either be entered via Purchase Orders, Creditors or directly entered via the Fixed Assets module.
•  A private usage percentage can be entered for each asset.
•  Asset Pooling
•  Multiple general ledger posting accounts based on asset type and location.
•  Depreciation processing can be selected by asset code, asset type or asset location.

Fixed asset reports include:

•  Fixed Assets details.
•  Fixed Assets ledger.
•  Transaction list.
•  Depreciation schedule.
•  Movement report.
•  Deferred tax list.
•  Private usage report.
•  Maintenance due report.
•  Insurance report.
•  Exception report.
•  Stocktake report.
•  Fixed asset labels.

• Back to Module Overview