Key Features |
Description |
Flexible Definition and
Grouping of Assets |
Define information for an asset
in a number of ways, for example, number, description, class
code, location code and serial number.
Specify a fixed asset as a budgeted asset.
Record information that is used for tracking the maintenance
and insurance status of fixed assets.
Determine the level of detail
you need in your fixed assets reporting and statistics, for
example, set up your asset as a single entity or as a set of
components. |
Unlimited Number of
Depreciation Books |
Define an unlimited number of
depreciation books for each fixed asset:
Describe all the required
depreciation conditions for a fixed asset.
Meet the demands of local
accounting and tax conditions whatever your location.
Define a depreciation book for
internal depreciation calculations.
Fulfill the demands for
depreciation of the parent company if your company is part
of a multinational company.
Decide if the book should be
integrated with the General Ledger.
Specify how the fixed asset
will be depreciated.
Index depreciation book entries
if desired.
Define frequency of
depreciation, for example, every month, quarter or year.
A ledger entry list exists for
each depreciation book, with all relevant information, such
as book value, depreciation basis, accumulated depreciation,
disposal, gain/loss, user ID and source code. |
Choice of Standard or Customer
Depriciation Methods |
Choose from several standard
depreciation methods:
Straight-line
Declining-balance
Accelerated methods, such as a
combination of declining-balance and straight-line (DB/SL)
Customized depreciation methods
(define a depreciation percent for each user-defined period,
or enter the number of units produced by a machine in a
user-defined period) |
Statistics for each
Depreciation Book |
Use the Statistics window in
each depreciation book to:
Get a live status overview of a
fixed asset.
View all information defined
for a fixed asset simultaneously on screen. |
Maintenance Information |
To keep track of each asset and
access information necessary for analysis and
decision-making related to the renewal of fixed assets:
Record information for an asset, such as maintenance,
service and expense information.
Include photographs of fixed assets.
§ Integrate
maintenance expenses recorded in the Fixed Assets
application area with the General Ledger. |
Insurance Information |
Monitor the insurance coverage
and annual insurance premiums of your fixed assets.
See whether your assets are
under-insured or over-insured.
Allocate each asset to one or
more insurance policies.
Index insurance amounts. |
Allocation of Periodic
Depreciation |
Allocate depreciation of fixed
assets to combinations of dimensions, for example,
Department and Project. This facility is normally used when
several departments in a company share a fixed asset.
Decide how to allocate
depreciation, gain/loss, or other types of entries to
different G/L accounts. |
Reclassification of Fixed
Assets |
Reclassify a fixed asset or
part of a fixed asset by moving it from one classification
to another, for example, from one department to another. |
Separation and Partial Disposal
of a Fixed Asset |
Separate a fixed asset into
several fixed assets.
Join several fixed assets into
one.
Dispose of a fixed asset
partially. |