Fixed Assets is a dynamic, robust tool for managing assets from acquisition through maintenance to disposal. All asset transactions are fully managed including acquisition, disposal, transfer, depreciation and reporting. Asset register transactions are automatically posted to the General Ledger. The fixed asset register covers both book and tax transactions.
- Multiple methods of Asset acquisition;
- Complete asset identification and maintenance;
- Process to manage asset improvements and revaluations;
- Flexibility to transfer or split an asset;
- Specify depreciation method;
- Handles tax aspects of disposals.
Integration with General Ledger
PRONTO-Xi posts the various asset transactions directly to specific General Ledger accounts. Based on the location and group codes, transactions such as depreciation expense, acquisitions and disposals, revaluations and profit and losses upon disposal are posted to specific accounts in the General Ledger.
