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Flexible Fixed Assets
Production
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Comprehensive asset records—Maintain detailed asset records, including
standard asset fields such as cost and estimated useful life, plus
additional tracking fields such as tag number, location,
responsibility, warranties, purchase information, and notes. Assets are
grouped by category and type to facilitate depreciation calculation, entry
generation, and reporting.
- Save time and avoid duplication of effort with asset quick entry—Enter
assets on-the-fly while recording purchase entries with the asset quick
entry feature.
- Flexible depreciation—Use the standard depreciation methods included in
the system or create your own. Set the depreciation interval and perform
calculations on your schedule. Create historical transactions and record
adjustments.
- Generate distributed entries—Generate accurate, distributed entries for
the general ledger. Distribute depreciation across programs, departments,
and more using percentages, fixed amounts or units, such as square footage.
Post allocated depreciation in detail by asset or as
summarized amounts.
- Manage assets with ease—Asset tracking becomes virtually effortless with
the Fixed Asset module. The Fixed Asset module is designed to make asset
tracking easy. Record assets while entering the purchase, calculate
depreciation, and automatically generate distributed depreciation and
disposal entries for the general ledger.
- Safe and secure—Security features allow you to isolate tasks for strong
internal controls and restrict access entirely for non-fixed assets
personnel. |