| Fixed Assets Management |
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- Definition of Physical Location of Asset.
- Hierarchy of locations can be maintained.
- Grouping of Asset based on Asset Class.
- Default Inventory Cycle and Numbering Type for an Asset Class.
- Defining Asset Depreciable – YES/ NO.
- Asset Class activated based on Account Rule definition.
- User defined depreciation rules for calculating depreciation based on different combination of rates, methods, basis and conventions.
- Grouping assets under depreciation category based on common depreciation parameters.
- Capturing legacy details of Asset No., Tag details, Properties and Depreciation particulars through initial asset entry.
- Validation of Initial balances–Sum of asset and cumulative depreciation is same as in GL.
- Capitalization of Asset with Integration with Payables Management.
- Non-Capital document capitalization.
- Capitalization of exchange rate fluctuations.
- Multiple Tags for Asset.
- Cost, Business Use %, In Service Date and Depreciation category at tag level.
- Additional details like Warranty, Serial No., Ref Doc., Custodian etc. at tag level.
- Exceptional capitalization through Capital Journal Vouchers.
- Amendment of Asset to enhance its value as existing or new Tags.
- Reversal of Asset Capitalization.
- Depreciation Processing at tag level.
- Process, Delete/ Confirm depreciation.
- Set Suspension period in case of shut down etc., so that depreciation need not be charged.
- Posting entries to specific Cost Center other than Asset Cost Center.
- Reverse confirmed depreciation.
- Depreciation Adjustment to increase or decrease depreciation already charged.
- Retire a single asset, an asset tag, range of assets and an asset class.
- Asset Retirement as Sale or Scrap.
- Implicit depreciation on retirement to arrive at the Asset Book Value as on date.
- Generate Customer Direct Invoice for Sale of Asset
- Reversal of Retirements.
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