Construction Information Systems, Inc.



Home
Up
Who is CIS
Global Features
List of Modules
Sample Screens
Request a Demo
FAQ's
Contact Us
Newsletter

Fixed Assets

Design Objectives

The principal function of the Fixed Assets module is to compute the depreciation on each asset, for both book and tax reporting.  The Fixed Assets module provides accessible information on various aspects of fixed asset reporting, such as insurance value, book and tax amounts, and current status.

Depreciation amounts are passed to General Ledger and, as an option, can be passed to the Equipment or Cost Accounting modules.

Features

bullet

Multiple companies can operate within the module simultaneously.

bullet

Processes all fixed assets of a company, including office buildings and office equipment.

bullet

Supports multiple depreciation methods such as straight line, declining balance, ACRS, and SYD.

bullet

Maintains up to three depreciation schedules per asset, such as book, federal tax, state tax.

bullet

User-defined assets by class and group allow parameter driven logic for depreciation method, insurance code, general ledger debit and credit accounts, and automatic change of depreciation method.

bullet

Previously depreciated assets can be processed.

bullet

Multiple location codes and dates can be attached to an asset.

bullet

On-line display of current and prior asset location with associated dates.

bullet

On-line display of capitalization, depreciation and retirements over asset life, including capitalized date, depreciation start date, last date depreciation computed and current asset value.

bullet

Allows full or partial retirements of assets as well as transfers.

bulletMultiple assets can be consolidated for reporting purposes.

Module Interfaces

The following System 20/20 modules receive ( Ü ) transactions from the Fixed Assets module.

Module Transactions Sent and Received

Equipment

Ü

Depreciation charges (optional)

Cost Accounting

Ü

Asset depreciation charges (optional)

General Ledger

Ü

Capitalization, depreciation, transfer and retirement charges

Standard Reports

All standard reports provide multiple selection options.
Control File Section Listings Retirements Report
Assets Master File Listing Depreciation Report
Asset Listing Depreciation Status
Asset Transfers Fixed Assets Subledger
Acquisition Report Expense Subledger Distribution


 

Construction Information Systems, Inc.

 
Copyright (c) 2001 Construction Information Systems, Inc.
P.O. Box 484
Mill Valley, CA  94942
415-332-5073
info@system2020.com