the Location and Value of Your Assets!
valuing, and depreciating your assets is a time-consuming and tedious
chore. Fortunately, you can automate much of this workload with
SouthWares Fixed Assets.
Assets is a complete asset tracking and depreciation system. With
it you can easily keep track of the locations and values of your
various equipment, furniture, machines, buildings, and other assets.
You get your depreciation calculations done for you, and you can
transfer asset and depreciation information directly to SouthWares
General Ledger. You can even get asset reports by location to help
you with your property tax reporting.
Fixed Assets, you can:
current records on all your assets
handle the recordkeeping and accounting for acquisitions and disposals
exactly where each asset is located to help you with your property
your depreciation calculations done automatically for you
your asset information and depreciation automatically updated
in your General Ledger
handle asset splits
asset usage such as hours or mileage
many different depreciation methods and schedules for each asset
youd like some help keeping up with your asset records, get Fixed
Features of Fixed Assets
Extensive standard data
15-character Asset ID number or code
Numerous search options
General location for property tax reporting
Specific location notes
Various values including cost/basis, salvage, replacement, and
Usage unit accumulations
Numerous tracking dates
Owned, leased, borrowed indicator
Notes and optional Extended Data
Up to 99 depreciation schedules per asset
Option to manually adjust calculated schedule for non-standard
Numerous methods including straight-line, declining balance, usage-based,
sum-of-the-years digits, statutory, ACE, and non-depreciable
Partial period conventions of daily, full-year, full-month, half-month,
half-year, mid-month, mid-quarter, and mid-year
Optional user-defined statutory methods
Amortization of intangible items such as prepaids - even credit
items such as unearned revenue
Flexible rounding and weighting options
One-step entry of asset information
Optional use of ImportMate to create asset records from other
Fast entry of usage information
G/L accounting is based on asset categories
Standardized property tax authority file
Standardized asset location file
Automatic G/L entries for acquisitions, disposals, depreciation
Option to import Fixed Assets (Rev 7.0)
Detailed asset listing per location
Asset valuation reporting
Asset trial balance
Timing difference report
Numerous depreciation schedules/reports Asset usage reporting
Assets can help you answer such questions as:
is that asset located?
Whats our depreciation cost for this month?
Which assets are located in this property tax jurisdiction?
What accounting needs to be done for the disposal of this asset?
Whats the difference between our book and tax depreciation on
How do we update our records for this depreciation error we made
two years ago?
What is the estimated insurance value of our assets?
What is the current G/L value of our assets?
Whats the remaining value on this capital lease?
Whats our total tax depreciation for this year?
How do we record the split of this asset?
What has been the machine hour usage on this truck during the
What are the serial numbers of the equipment items we have at