Fixed Assets

The CPA solution includes a Fixed Assets module. This module is integrated with the General Ledger module and enables the daily administration of assets and depreciation by the finance department.

The Fixed Assets module enables you to:

• Create asset groups with links to the General Ledger (cars, inventory, hardware, and so on).
• Create assets with information about purchase date, amount purchased, who is responsible for the asset, depreciation value, depreciation method, and depreciation period.
• Assign assets to any of the twelve dimensions (most likely department and company).
• Depreciate assets in a batch run at the end of each month. You can also handle depreciations manually. Note that only straight-line depreciation is available.
• Adjust assets in several ways. They can be improved, depreciated, written up, written down, updated, or sold. You can also transfer the assets between legal entities if multiple legal entities exist.
• Look up transaction history on each asset in an asset ledger card.
• Use a standard report for year-end closing.