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
