Benefits of Fixed Assets module:
- Calculate Depreciation
- Contract, Plant & Nominal Ledger Integration
- Document Management functionality available
- Record additional key information against each asset
How does it work?
Easily calculate required depreciation through a number of methods, including straight line, flat rate and reducing balance. This module also includes depreciation forecast reporting.
Full integration with Nominal Ledger, means that any adjustments made regarding capitalisation and disposal will automatically update the Nominal directly, along with depreciation charges, unless you choose for these to be made via Contract/Cost head postings. Depreciation charges can also update as costs against the linked Plant item.
There is the ability to import existing asset details into the Fixed Assets module at initial setup as well as for ongoing acquisitions.
With the Fixed Assets module there is the option to store your choice of additional information, such as serial numbers, relevant test/renewal dates and insurance details.
To increase the functionality of the Fixed Assets module, use it alongside Document Management. This allows you to store additional files relating to each asset, such as photographs, insurance certificates and operating manuals. These can all be stored easily for convenient access, ensuring all relevant information is one place.
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