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Fixed Assets provides
a register of company assets, calculates their depreciation, and maintains
a depreciation history. It integrates directly with General Ledger
and Accounts Payable.
Recorded information for each asset includes
transfer date, capital costs, written down value, insurance value
and serial number. Associate attachments (add-on assets) can be
defined for each asset, in order to ensure that they all depreciate
by the same method and to the same end date. A detailed history of
activities affecting the value of each asset is automatically
maintained, including addition, depreciation, adjustments and
disposal.
Depreciation attributes can be defined for each asset, including
depreciation method, (straight line or reducing balance), and
depreciation frequency. Depreciation charges can be spread evenly
through the year or weighted in-line with other expenditure.
Depreciation figures are held for the current depreciation period,
the year-to-date and the cumulative life of the asset.
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Multiple values maintained |
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Multiple depreciation methods
- Straight line
- Reducing balance |
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Flexible weighting of depreciating
periods |
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Additions, Adjustments and Disposals |
Return to Modules
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