FIXED ASSESTS
Depreciation amounts are passed to General Ledger and, as an option, can be passed to the Equipment or Cost Accounting modules.
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- • Multiple companies can operate within the module simultaneously.
- • Processes all fixed assets of a company, including office buildings and office equipment.
- • Supports multiple depreciation methods such as straight line, declining balance, ACRS, and SYD.
- • Maintains up to three depreciation schedules per asset, such as book, federal tax, and state tax.
- • 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.
- • Previously depreciated assets can be processed.
- • Multiple location codes and dates can be attached to an asset.
- • On-line display of current and prior asset location with associated dates.
- • 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.
- • Allows full or partial retirements of assets as well as transfers.
- • Multiple assets can be consolidated for reporting purposes.
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The following System 20/20 modules receives (
- REPORTS
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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
) transactions from the Fixed Assets module.
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TRANSACTIONS | ||
| Equipment |
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Depreciation charges (optional) |
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| Cost Accounting |
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Asset depreciation charges (optional) |
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| Cost Accounting |
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Capitalization, depreciation, transfer and retirement charges |