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By: Peter Poletti


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.

The ERP RFP template with Fixed Assets Functions & Features for ERP is a Microsoft Excel spreadsheet (.xlsx) featuring a total of 3761 decision criteria. The ERP RFP template allows you to quickly and easily prepare the business, functional, and technical requirements sections of the solicitation package you'll send to ERP software vendors. It ensures for:

  • complete response from each ERP software vendor
  • deep and accurate evaluation of submitted ERP proposals
  • impartial side-by-side comparison of ERP solutions evaluated
  • rational and documented selection of the best matching ERP system

The ERP software comparison report can save you up to 90% of the time you would have otherwise spent comparing all the ERP solutions from scratch.

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