FF. Fixed Assets

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Guide

Fixed Asset Management module stores necessary information about fixed assets from acquisition to liquidation: original cost, accumulated depreciation, remaining value, capital source, depreciation periods/periodic depreciation, using departments, using purpose, increase date, depreciation date, depreciation ending date, decrease date… There are options for depreciation method, which all comply with accounting standards issued.

Fixed asset information

  • Unlimited fixed asset records
  • Keeps fixed asset relating information: original cost, accumulated depreciation, remaining value, capital source, depreciation periods/periodic depreciation, using departments, using purpose, manufacturing country, manufacturing year, asset type...;
  • There are fields available for classifying fixed assets by different criteria; blank fields available for users to control fixed assets by specific requirements.
  • Defines relating default accounts (depreciation account, expense account) for auto recording depreciation allocation entry
  • Keeps information of accompanied supplies and tools
  • Remarks and specifications about fixed asset.

Fixed asset changes

  • Adjustments on fixed asset value
  • Fixed asset transfer
  • End of fixed asset depreciation
  • Fixed asset decrease.

FA depreciation calculation and allocation

  • Auto-calculates depreciation by number of using years or depreciation rate; allows user to edit monthly depreciation value;
  • Allocates depreciation by using department, expense account…;
  • Depreciation history of all assets.

FA counting reports

  • Fixed asset list
  • Fixed asset counting report (detailed and summary) by capital resource, using department, asset type;
  • Fixed asset card (FA hand-over report, FA liquidation report, FA reappraisal report, Hand-over report of FA repair with high value)
  • Fixed Asset book
  • FA fully depreciated in use report
  • FA transfer report.

FA increase/decrease reports

  • FA increase/decrease report (detailed and summary) by capital resource, using department, asset type...

FA depreciation & depreciation allocation reports

  • FA depreciation report (detailed and summary) by capital resource, using department, asset type, asset quantity
  • FA depreciation allocation (detailed and summary) by using department and asset quantity...;
  • Depreciable fixed asset report
  • Fixed asset depreciation history.

Integration with other modules

  • Creates and transfers depreciation allocation entries to General Ledger module

Fast Financial, Fix asset module

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Last Updated Monday, 14/05/2012, 16:39:41, (GMT+7)  

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