Fixed Assets allows you to inventory and track your capital assets as well as maintain and process depreciation of your capital assets. You can perform the following:
· Record assets to be inventoried and depreciated
· Categorize assets into groups using user-defined asset classes
· Create depreciation types to assign to assets using Straight-Line or Declining Balance depreciation methods
· Review and accept new assets entered in the Accounts Payable module
· Dispose of assets and electronic transfer of depreciation to the General Ledger module
· Produce the following reports:
o GL Fixed Asset Summary Report
o GL Depreciation Expense Summary Report
o GL Accumulated Depreciation Summary Report