Fixed Assets

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.