ASSET MANAGEMENT OVERVIEW

"The Asset Management module gives us virtually unlimited flexibility in how we depreciate and account for fixed assets."

The ASSIST™ Asset Management has:

 

 

 

 




 

· Asset Master Entry allows you to add, change and view information on an asset. The program stores the current values of a minimum of three (book, fe deral and state) reporting groups.

· Asset Master List / Labels gives you the ability to print a list of assets by asset, class, description, acquired period, disposed period, location, reference or asset account.

· Asset Code Change / Delete gives you the ability to change or delete an asset code without open or historical information being lost.

· Asset Classes allow you to add, change, delete, view or print information on reporting groups and asset classes.

· Depreciation Methods allows you to add, change, delete or view methods of depreciation. Methods that are supported are; ACRS, declining balance, MACRS, sum of the year's digits, straight line and user defined.

· Deprec Summary History Entry lets you to add, change and delete summary depreciation history

· Asset Research lets you view asset master information with options to view Depreciation History or report group information.

· Asset Depreciation Spread gives management a variety of tools for viewing and graphing asset depreciation history.

· Loan Amortization Spread allows you to calculate the principal and interest amounts for a user defined loan amount. The principal and interest amounts for each period with year to date and life to date totals are displayed, and optionally printed.

· Depreciation Set-up allows you to automatically generate the asset's depreciation amount as defined in the Asset Master Entry program.

· Depreciation Entry allows you to add, change, delete or view an asset's depreciation for a posting period.

· Depreciation Journal allows you to automatically post the asset depreciation amounts to the General Ledger and Asset Management History files.

· Depreciation Update allows you to automatically post the asset depreciation amounts to the General Ledger and Asset Management History files.

· Depreciation Abort allows you to abort the pending depreciation amounts

· Depreciation Journal History gives you the ability to print a Depreciation Journal for any posting period stored on the system.

· Asset Depreciation Spread Report gives you the ability to print the Depreciation Spread in report form.

· Asset History Purges give you the ability to purge history through a given cut-off period.

 





Rennie, Lindsey and Associates, Inc. Ph: (661) 286-2041 Fax: (661) 269-5371