To maintain a detailed record of the company’s fixed assets by recording depreciation and current asset values, in addition to providing a facility to evaluate remaining usefulness by tracking expenditures incurred or income derived from assets.
The Value of SYSPRO Fixed Assets Register
Maintains a register of all assets and their locations
Tracks expenses incurred for any asset
Calculates book and tax-based depreciation
Tracks maintenance history for each asset
Obtains estimates of the remaining useful “life” of and asset
Gives reports on disposals, revaluations and/or acquisitions
Provides detailed reporting and screen queries
Allows a provision for initial and investment allowances
Preview of reports to screen and e-mail capabilities
Matching SYSPRO to Your Business
Allows for fixed or variable depreciation rates
Automatically posts monthly provisions to the General Ledger
Calculates book depreciation and tax allowances using either the straight line or reducing balance method
Assigns assets to individual branches of the business, and/or user-defined groups & types
Attaches sub-assets to other assets
Groups assets for reporting purposes
Defines variable rates for depreciation up to 14 years
Records revenue and expense transactions for any asset quickly and easily
Revalues assets
Records and tracks maintenance or repair time against each asset
Calculates profit or loss on the sale of any asset
Calculates depreciation and tax allowances to-date when initially adding assets
Audit Trails and Reporting
Complete audit trails include transaction journals, lists of additions and disposals, and General Ledger Distribution reports
