Fixed Asset Control
Take complete operational and financial control over your biggest investments, Equipment. From the initial Capital Expenditure Request through the Retirement, track original equipment cost, change in value, change in location, and general information — maximizing each individual Asset’s value and overall contribution to your organization.
Drive accuracy and control throughout the acquisition process. Whether it is simple asset purchases, complex purchases, construction / projects in process, re-classifications from inventory, or bulk purchases for a rental pool – manage all the accounting associated with your Capital Expenditures. The result – all acquisitions are properly booked, nothing falls through the cracks, and everything is fully auditable, now and into the future.
Utilize enterprise options to take proper depreciation for both your corporate and all your tax books. This includes support for any fiscal Calendar, all Depreciation Methods, and more than a dozen Averaging Methods. Define and enforce your individual accounting standards — increasing efficiency and minimizing costly rework from errors.
Eliminate the complexity of accounting for asset changes. Manage accounting and non-accounting changes that affect any aspects of the Asset — whether a change to the value, depreciation, expected life, location, default tech, or property tax location.
Retirement & Dispositions
Retiring an Asset needs to be straightforward. Immediately recognize various rules from country to country, applying different practices for recognizing proceeds and expenses, perform partial retirements, or even mass retire assets – all fully auditable and fully compliant with accounting standards and tax laws.
Use our pre-built reports or design your own. See anything about fixed asset performance – acquisition registers, disposition registers, transfer registers, roll forward reports, book and book comparison registers, and all GL postings.