Lonehill System, Inc.

Fixed Assets Register

Objective

To maintain a detailed record of the company’s fixed assets by recording depreciation and current asset values, in addition to providing a facility to evaluate remaining usefulness by tracking expenditures incurred or income derived from assets.

The Value of SYSPRO Fixed Assets Register

• Maintains a register of all assets and their locations

• Tracks expenses incurred for any asset

• Calculates book and tax-based depreciation

• Tracks maintenance history for each asset

• Obtains estimates of the remaining useful "life" of any asset

• Gives reports on disposals, revaluations and/or acquisitions

• Provides detailed reporting and screen queries

• Allows a provision for initial and investment allowances

• Preview of reports to screen and e-mail capabilities

Matching SYSPRO to your business

• Allows for fixed or variable depreciation rates

• Automatically posts monthly provisions to the General Ledger

• Calculates book depreciation and tax allowances using either the straight line or reducing balance method

• Assigns assets to individual branches of the business, and/or user-defined groups & types

• Attaches sub-assets to other assets

• Groups assets for reporting purposes

• Defines variable rates for depreciation up to 14 years

• Records revenue and expense transactions for any asset quickly and easily

• Revalues assets

• Records and tracks maintenance or repair time against each asset

• Calculates profit or loss on the sale of any asset

• Calculates depreciation and tax allowances to-date when initially adding assets

Audit Trails and Reporting

• Complete audit trails include transaction journals, lists of additions and disposals, and   General Ledger Distribution reports
• Has book and tax value schedules
• Creates asset movement reports
• Provides labor analysis reports (for maintenance work)
• Reports on revenue and costs

Integration

• Integrates with the General Ledger module for asset purchases and disposals as well as with monthly depreciation figures
• E-mail reports with the Office Automation module