Arrow - Business Software Creators

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.