Asset Ledger
These modules will help you effectively manage the flow of goods to satifsy customer demands at multiple operating locations. This suite lets you take control of your business - and profit from all your hard work.
The Online Advantage Asset Ledger accurately maintains and controls the book value of a company’s plant and assets.
The Asset Ledger module combines the functionality of an asset register with the power of an asset ledger. The system records original cost, maintains the re-valued cost, calculates depreciation values and posts the result to General Ledger.
Features
- Depreciation Forecast – calculated according to the depreciation method specified for each asset.
- Revaluation – the ability to revalue an asset at any times, and any number of times, during the life of the asset.
- Deprecation Methods – choose from either Diminishing Value or Prime Cost deprecation methods
- Asset Disposal – a feature of the module is an asset disposal facility which can be used to write-off a sold, stolen or damaged or broken asset.
- AP Interface – an important time-saving interface to the Accounts Payable and Purchasing modules sees the capture of asset acquisition details when a new asset is purchased saving data entry and prompting the creation of the new asset and the setup of the deprecation method.
- Posting Allocation – the General Ledger postings for an assets depreciation can be setup to automatically be apportioned by percentage across specified branches and divisions because some assets can be shared by different business units.
Functions
- Reconciliation – built-on tool for reconciling the Asset Ledger with the General Ledger
- Default Depreciation – establish default depreciation settings per Asset Group
- Tracking – allocate assets to Groups, Physical locations, Branches or Divisions
- Asset Details – record serial numbers, quantities, identifications details and notes against individual assets
- Reports – Depreciation schedule reports for taxation and commercial purposes
- Asset Enquiry – gives users a display of the asset, its history, purchase costs, depreciation method and Life to Date, Year to Date and last month depreciation values etc.
- Asset Register – many different asset register reports which can be used for asset audits
Benefits
- Control – is a system to provide easy control over the creation of your assets and the reconciliation to your General Ledger.
- Time Savings – not need to run a series of spreadsheets or manual calculations with manually entered journal postings – set the Asset Ledger up once and it does the rest for you over the life of your asset.
- Provides you with an instant asset register and depreciation forecast any time you need it without any effort.
