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By: Peter Poletti

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Fixed Assets Functions & Features

Fixed assets manages depreciation and other costs associated with tangible assets such as buildings, property and equipment. The software should support the following functionality: fixed assets records; asset transactions; asset depreciation; depreciation books; revaluation and interest calculation; and tax reporting.. Fixed Assets Functions & Features are an important module of the comprehensive ERP RFP Template for Discrete Manufacturing.

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  • rational and documented selection of the best matching ERP system

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The Fixed Assets Functions & Features comprise the following elements:

  • Asset Transactions

    Modules include Online views of fixed assets and transaction records;Online asset tracking;Records details on leased property;Current cost;Generates reports using historical, constant, and current dollar value;Generates reports on all leased assets, their details, and payments information;. Asset Transactions, Fixed Assets Functions & Features

  • Depreciation Books

    Functionality covered Conducts asset transactions and reconciliations among multiple companies and divisions;Flexible parameters for depreciation books;Any number of assets can be listed in depreciation books;Any number of fiscal periods or calendars can be listed in depreciation books;Reports transfers between company and divisions in individual reports and consolidated reports;Enters and tracks expensed items for property control;. Depreciation Books, Fixed Assets Functions & Features

  • Depreciation of Assets

    Main modules below cover Flexible asset depreciation calendars;Depreciation may be calculated year-to-date or period-by-period;User defined depreciation rates can be rules-based;User-defined prorate conventions and retirement conventions;Standard and user-defined depreciation calculations;Straight-line, declining balance, sum of year's digits, units of production, and flat rate depreciation methods;. Depreciation of Assets, Fixed Assets Functions & Features

  • Tax Reports

    Feature and functions include Adds assets and copies transactions to tax depreciation books;Associates tax data with individual assets;Tax depreciation reserve for current and past fiscal years maintained with depreciation expense changes;Default depreciation rules based on initial service date for asset;Examine depreciation costs and expense ceilings;Calculates the gain and loss of a disposed asset for book and tax purposes;. Tax Reports, Fixed Assets Functions & Features

  • Records for Fixed Assets

    Functionality covered Tracks assets by company;Tracks asset numbers and types;Descriptions of assets;Tracks asset tag and serial numbers;Assets may be tracked by parent/child relationships;Tracks asset locations;. Records for Fixed Assets, Fixed Assets Functions & Features

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Functions and Features