Assets – Overview

Fixed Assets Your software is designed to include a Fixed Asset Register integrated with the core financial ledgers.

It offers the ability to correctly and completely account for cost, accumulated depreciation, depreciation charges and asset disposals, automatically posting journals to the Nominal Ledger to include in Management Reports and to feed into final accounts production.

The features of the Fixed Asset Register include:

* Asset Descriptions, Categories and other information

* Choice of depreciation methods: straight line and reducing balance

* Calculates period depreciation

* Automatically journals Nominal Ledger with the period depreciation charge and accumulated depreciation.