• Define depreciation categories based on the following methods:
• Straight line life
• Straight line %
• Reducing balance life
• Reducing balance %
• Define general ledger categories, assigning account codes for the different transactions.

• Record information for each asset, including transfer date, capital costs, depreciation method, written down value, general ledger category, insurance value and serial number.
• Assign up to nine analysis codes for each asset.
• Record the depreciation of regional development grants.

• Define default asset templates for use when recording assets purchased via the Accounts Payable module.

• Add new or partially depreciated assets to your Asset Register.
• Associate attachments (add-on assets) with each asset, to ensure that they all depreciate by the same method and to the same end date.
• Keep a detailed history of activities affecting the value of each asset, including addition, depreciation, adjustments and disposal.

• Calculate and record depreciation, based on the rules defined for each asset.
• Store depreciation figures for the current depreciation period, the year-to-date and the cumulative life of the asset.
• Experiment by using different depreciation rates, without affecting the actual values stored for each asset.
• Forecast depreciation for up to six depreciation periods or six calendar years.

• Individual assets and their associated add-on assets.
• Depreciation history.

• Asset Register Details
• Additions Audit Trail
• Adjustments Audit Trail
• Disposals Audit Trail
• Depreciation Details
• Depreciation History
• Depreciation Forecast
• General Ledger Distribution Analysis
• Fully Depreciated Assets Details
• Insurance Valuation Report

• Choose how frequently you calculate depreciation; for example, annually, quarterly or every financial period.
• Spread depreciation charges evenly through the year or weight them in line with other expenditure.
• Use the period end procedure to close the period.
• Use the year end procedure to close the year, optionally clearing down asset records and history for assets fully depreciated before a user defined date.

• Automatically post additions, depreciation, adjustments and disposals to a separate set of General Ledger accounts for each department or cost centre.

• Create asset templates while entering the invoice in the Accounts Payable module, then review before posting the asset to the register.

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