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:
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Assets can be categorized by asset type and location.
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Maintain both book and tax value for assets.
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Ability to create new assets from existing asset details.
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Perform diminishing, straight line or prime cost depreciations.
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Flexible depreciation calculations including calculations, and frequency such as, daily, monthly, quarterly, six monthly and yearly.
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Revalue or write-off assets.
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Partly or totally transfer assets.
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Purchase of new assets can either be entered via Purchase Orders, Creditors or directly entered via the Fixed Assets module.
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A private usage percentage can be entered for each asset.
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Asset Pooling
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Multiple general ledger posting accounts based on asset type and location.
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Depreciation processing can be selected by asset code, asset type or asset location.
Fixed asset reports include:
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Fixed Assets details.
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Fixed Assets ledger.
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Transaction list.
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Depreciation schedule.
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Movement report.
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Deferred tax list.
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Private usage report.
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Maintenance due report.
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Insurance report.
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Exception report.
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Stocktake report.
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Fixed asset labels.
