Fixed Assets

The ACCENTiS Enterprise Fixed Asets module gives you complete control over your assets by helping you to manage costs and maximise tax savings. This full-featured asset management and depreciation module saves you hours by streamlining organization, maintaining current fixed-asset records, maximizing your tax deductions and generating up-to-date reports when required.

Functional capabilities at a glance..

Seamlessly integrated into General Ledger
All transactions to assets are posted immediately to the appropriate accounts in the General Ledger. After each transaction has been processed, you will see the effects in the G/L immediately.

Unlimited number of assets can be entered
There is no practical limit to the number of fixed assets you can have within ACCENTiS Enterprise.

Simple transactions
With the click of a few buttons, you can easily depreciation some or all of your fixed assets for a specified date range. Just as easily, you can also revalue or dispose of your assets.

Range of depreciation methods
Depreciation methods supported include Prime Cost, Diminishing value and Full depreciation with separate types available for tax and book.

Depreciate up to any date
Depreciation can be selected for any date range within the current financial year, so you are able to depreciate

Multiple assets can be depreciated in a single operation
When depreciating multiple assets, you can select any number of assets from a list and elect to depreciate all of them up to the specified date. They will each be depreciated at their own specific rate and type using the asset’s current written down value where applicable.

Free-text memo can be entered when a transaction is performed
It is sometimes very useful to be able to record the exact reasons for a transaction such as a revaluation or disposal of an asset. ACCENTiS Enterprise allows you to enter as much text as you like to describe the reasons for each transaction

Asset transactions can be removed and re-done
Any assets transactions can be reversed and re-processed if necessary. Subject to any General Ledger and account locking restrictions, you can reverse all asset transactions if necessary and re-process them using a different depreciation rate, type or initial cost.

Asset codes are flexicode
Flexicodes are an innovation in ACCENTiS Enterprise that allows you to change the code of an asset without losing any of the details of the asset itself, such as depreciation history or other transactions.

Asset groups
An unlimited number of asset groupings can be defined, and each group can be assigned the general ledger codes, depreciation rates and depreciation types for all assets in that group. These defaults can then be overridden for a specific asset within a group.

Separate book and tax schedules
You can maintain completely separate book and tax depreciation regimes with separate rates, types and transactions for each.

Picture of each asset
Each asset can be assigned a graphical image or photo of the asset. Not only does this help when managing your fixed assets but it also aids with insurance claims.

Private usage percentage calculations
Every asset can have specified a private usage percentage which can be used in end of year reports to produce figures for your tax return.

Warranty information and expiry dates
The fixed assets register lets you assign a warranty expiry date and warranty information for any of your assets.

Separate General Ledger accounts per asset
Each asset can define its own specific general ledger codes for Cost, Accumulated depreciation and Depreciation expense accounts.

Optional automatic asset codes
When you create a new asset, you can either enter your own code, or leave it empty and let ACCENTiS create a new asset code for you. For companies using simple numeric coding schemes, this feature is perfect.

Option for automatic depreciation
When an asset is disposed, re-valued or has an addition, ACCENTiS Enterprise will check to ensure that it has been fully depreciated up to the new transaction, and will optionally depreciate it for you before the transaction proceeds.

All asset transactions viewed at any time
The way the ACCENTiS Enterprise displays asset transactions allows you to view all of the transactions that have occurred for an asset in a simple list format, right back to when the asset was first entered into the system. Each entry shows the opening WDV, the transaction amount and the closing WDV for book and tax.

Suspend depreciation
An asset can be flagged as having depreciation transactions suspended on it so that you can continue depreciating remaining assets without having to de-select others from your depreciation transactions.

Link supplier invoice number of asset acquisition
The invoice that relates to an asset’s acquisition can be linked directly to that asset, resulting in an automatic transfer of the vendor’s details and providing a permanent link to the purchase history.

• Success Stories

  Read how one Accentis client saved 26% annually, during the first 2 years of using the software.

  

• Humphris Nursery reclaims financial control with Accentis.