Arrow Financials – Fixed Assets Module

The Fixed Assets module easily maintains accurate and timely balances on assets calculating both book and tax values. Providing complete movement and history of assets including depreciation calculations, reevaluations, disposals and asset transfers.

Features

Both book and tax value for assets can optionally be maintained.
The processing of depreciation can be selected by asset code, asset type or asset location.
A private usage percentage can be entered for each asset.
Ability to revalue or write-off assets.
Flexibility in frequency of depreciation calculation, options include, daily, monthly, quarterly, six monthly and yearly.
Purchase of new assets can either be entered via Purchase Orders, Creditors or directly entered via the Fixed Assets module.
Depreciation methods include diminishing, straight line or prime cost.
Asset Pooling
Provides the ability for multiple general ledger posting accounts based on asset type and location.
Assets can be categorized by asset type and location.
Ability to create new assets from existing asset details.
Assets can be partially or totally transferred.

Fixed Assett Reports Include

Deferred tax list.
Fixed Assets ledger.
Exception report.
Insurance report.
Movement report.
Private usage report.
Maintenance due report.
Stocktake report.
Fixed asset labels.
Fixed Assets details.
Transaction list.
Depreciation schedule.

Benefits

Provides complete history on movement of assets including, reevaluations, disposals and asset transfers.
Provides the ability to easily calculate depreciation on assets.
Maintains accurate and timely balances on assets including book and tax values,
Seamless integration between modules, no double entry of transactions when purchasing assets, details integrate via Purchase Orders or Creditors.

Integrated Solution

The fixed asset module has integration links to the following Arrow Financial Modules:

Creditors
Purchase Orders
General Ledger