InterAcct Software for Fixed Assets

 | InterAcct is a full integrated business and accounting software system. Fixed Asset Register is offered as a standard software module and is therefore part of the system’s integration. |  | Assets can be classified many different ways (for later search and reporting). See screen below. |  | The fixed asset system allows you to create a database of assets currently in use (plus past disposals), and also calculates the depreciation entries which are automatically posted to the General Ledger. |  | The fixed asset system also allows you to schedule maintenance, hold details on warranties, and any insurance policy. |  | Asset disposals are recorded via the General Ledger sundry Cash Receipts – and automatically adjust asset and depreciation values, plus any capital gain/loss. |  | The focus is on speed of data input, accuracy, and simplicity. |
Fixed Assets Software Features:  | A comprehensive database on your assets used to calculate and post depreciation, plus manage them properly by recording details on servicing and insurance. |  | You can schedule maintenance on assets, and view service history jobs and costs. |  | The Asset Register allows you to classify asset according to their Type, Make, Model, and Serial Number. |  | Insurance details are recorded, along with when the insurance cover expires. |  | The current “User” of the asset can be linked along with the Division and/or Department. The physical location can also be recorded. |  | Free format comments can be recorded in a Notes file for each asset. You can record the Asset’s options that are attached to it |  | The current status of the Asset shows whether it is in current use, in repair, or disposed of. |  | Extensive search, list and print facilities are provided on both the main Asset Register file, and the various enquiry files. |  | Initially, you can enter your Opening Balances for your purchase value and depreciation. These totals can be reconciled back to your Opening General Ledger journal entry. |  | Search analysis is available by Type, Make, and Model of asset, and also by Employee. |  | Both book and tax rates of depreciation can be used to automatically calculate and post depreciation (to the General Ledger expense and provision accounts). |  | Assets can be re-valued at any time for both Market & Replacement values. This calculates the real depreciation, Inflation, and Sinking Fund requirements. |  | Details of where the asset was purchased, warranty details, and servicing arrangements can all be recorded. A menu link is available back to the Purchase Order and Supplier’s invoice. There is a search enquiry on the Warranty Expiry date. |  | A full transaction audit trail is maintained to show all purchases, adjustments, disposals, plus the monthly depreciation postings. |  | Financing details can also be recorded, with another search enquiry on when the finance agreement is due to expire. |  | Asset disposals are linked to the Cash Receipts transaction file. It will calculate depreciation recovered and any resultant capital gain/loss. |  | There is a standard Asset Register and Depreciation report available that can be run as at any date. |  | The system’s standard files, fields, menus and reports can all be personalised to suit individual requirements. |

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