Fixed Assets Overview The Fixed Asset module gives you control over your company’s fixed assets.  With this function you can track information for an asset in a number of ways including by the asset number, description, or serial number.  In addition, a fixed asset can also be specified as a budgeted asset whereby you may include the asset in the budgeting process as a projected fixed asset purchase that is then used for budgeting purposes alone.

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For each fixed asset, you can define an unlimited number of depreciation books.  These describe all the required depreciation conditions for an asset.  In each depreciation book, the user can specify how the fixed asset is to be depreciated, as well as the desired frequency of depreciation calculations.  This frequency is user-definable.   

You have the option of several depreciation methods.  These include straight-line, and declining balance, as well as various accelerated methods and unlimited customized methods.  

The Fixed Asset module provides for the maintenance of additional information about the asset including maintenance, service and expense information.  Maintenance expenses recorded in Fixed Assets are integrated with the General Ledger

 Features 

• Flexible asset definition

• Supports single or composite assets

• Unlimited number of depreciation methods

• Standard or custom depreciation methods

• Maintain information on insurance coverage

• Allocate depreciation to departments or projects

• Reclassify an asset or a portion of an asset

• Supports separation of an asset and partial disposal