Managing Assets and calculating depreciation can be a complex and daunting task. Many people
have tried to use spreadsheets but as the Asset register grows, so does the pain. Take that
pain away with the Prophet Fixed Assets module. Management of assets is simple and
calculation of depreciation is automated.
With extensive reporting this module will equip you
with the business tools you need to take control of your Asset management.
| Key features |
Manage three separate depreciation calculations i.e. Accounting, Tax and Alternative.
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Automated monthly depreciation run takes away the pain.
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Transfer a batch (summary or consolidated) directly to the General Ledger.
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Handles partial disposal (through percentage) and then subsequent full disposal.
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Manages depreciation recalculation automatically if the rate is changed.
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Full Audit trail of every financial transaction that occurs.
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Asset Disposal management, correctly manages depreciation reversals where required
and calculates the disposal profit and loss.
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Use Data Transfer module to import Assets.
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The Service diary allows you to record details about equipment maintenance.
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Supports auto creation of historic prior period corrections to the General Ledger. |
Automatically removes disposed assets from the register at year end. |
Forecast depreciation expenses for greater budgetary control. |
