|| Assets may be accounted
for in multiple companies and reflect the currency of the underlying
General Ledger accounts. Multiple books for assets are supported
- statutory, financial, current cost, "what-if", etc.
||The integration between
the Purchase Ledger and the Fixed Assets means that items coded
to asset accounts automatically create an asset entry. These assets
are presented to the asset administrator so that other detail
may be added. An XML interface allows the creation of assets via
an external system.
||Straight line, reducing
balance or units of production may be chosen for individual assets.
Asset categories provide default methods for ease of set-up.
Rates and Lives
||You select the life
or depreciation rate for each category and asset and spread the
resulting depreciation charge over the accounting periods according
to any defined formula.
You can separate
individual assets from a bulk purchase or assemble an asset
from several individual assets.
The revaluation of
assets can be based on either a percentage or a value change.
option with its user definable parameters
allow the module to forecast future years depreciation charges.
|| When assets are sold
or disposed of, all necessary accounting entries are generated
- including the profit or loss on disposal.
||You may view asset details
and related depreciation history, either directly or by drill
down from asset accounts and transactions in other modules.
||You may classify and
analyse each asset by a wide range of dimensions - including location,
category and a range of user defined attributes - and you may
also track finance and insurance details of each asset.