Fixed
Asset Management System
Be
updated with actual asset value.
The
Fixed Asset module can be interfaced to the General Ledger module. The system generates
the values, which are to be posted to the respective GL accounts. Each “Book” of
fixed assets will have its own values that are to be debited (or credited as appropriate).
The summarized transactions generated by the Fixed Asset module can then be transferred to
the General Ledger. The system generates the appropriate journal entries in the General
Ledger.
The
Fixed Assets module helps the user organization in maintaining the asset investment,
depreciation and asset disposal information. The module also provides for keeping track of
fixed asset movement, calculation of depreciation. The module is link to the General
Ledger module.
With
Fixed Asset Management, you can:
·
Flexible,
user –specified coding structure for classifying fixed assets.
·
Fixed
assets can be organized into groups for better control
·
Maintain
detailed description of assets for reference purposes
·
Calculation
of depreciation based on different methods
·
Depreciation
calculation method can be defined separately for
each fixed asset category
·
Supports
maintenance of fixed asset data for multiple
business units
·
Maintain
location of assets and provide for reporting on location
·
Comprehensive
reporting facility and online inquiry
·
Interfaced
to General Ledger for transfer of depreciation and asset realization transactions.
·
Multi-currency
operations
Reports
& Inquiries you will have:
§
Transaction
Listings
§
Asset
Acquisition Register
§
Asset
Retirement Resister
§
Asset
Revaluation Register
§
G/L
Depreciation Report
§
Asset
Journals
§
Fixed
Assets Master
§
Fixed
Assets Report by Location
§
Fixed
Asset Schedule
Integration
with other Modules:
§
Links
to General Ledger.
§
Links
to Project Accounting.
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LAST UPDATED: Tuesday, August 12, 2008 |
