© 1990-2012 Seagull Software.
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The system has been designed for physical and financial management and control of the company's fixed assets. It can be implemented as a stand-alone module or within a fully integrated TITAN accounting system.
Advantages of the system are;
- Extensive features and facilities which enable Fixed Assets accounting function to be automated.
- Increased productivity, as the system is easy-to-use, proven and fully documented.
- All the basic accounting functions such as recording of purchases, the disposal and transfer of assets, asset depreciation and inflation accounting are catered for.
- Control over capital expenditure through the CAPEX budget facility.
The following profile of features shows the scope and flexibility of the Fixed Assets system;
- Multiple companies and branches
Asset registers can be maintained for multiple companies and branches.
- Multiple locations and asset categories
Multiple asset location information and category or type designations, can be assigned per company and branch. Asset schedules may then be grouped by location and category or category by location.
- Summary or detail printing
Schedules may be printed showing detailed asset information or, summarised by location and category.
- On-line file scans
During input and enquiry operations, category, location and individual asset files may be scanned to locate existing categories, locations, or assets, without resorting to print-outs or listings. As the information is scanned the system pre-loads the selection field with the necessary data.
- Depreciation rate selection
Two depreciation rates per asset are provided, so that the company and tax asset registers may be maintained separately.
- Disposal and transfer selection
Disposals and transfers may be printed as part of the master file print.
- User-defined categories and locations
Asset categories and locations unique to the organisation are fully user defined.
- On-line enquiries
All assets (current, transfers and disposals) may be viewed on-line. The details shown include purchases, disposals, transfers, depreciation, location and categories.
- Multiple depreciation methods
The system offers the accepted reducing balance or straight line depreciation methods, as well as the option to manually enter depreciation amounts. In addition the system caters for Special Allowances and the Reverse Sum of Digits method of depreciation.
- Depreciation summaries
Depreciation summary reports list depreciation and allowances over the financial year by category and location.
- Asset movements
Purchases, transfers or disposals can be listed using a range of locations or categories.
- Inflation accounting indices
Each asset category may have a set of associated inflation accounting indices, which can then be applied against the asset base and used for reporting purposes.
- Inflation accounting reporting
The report details the effect of the inflation accounting indices against the asset register, by location or category, either on a cost or depreciation basis.
- Capital expenditure budgeting
Capital expenditure budgeting allocates approved expenditure by branch, category, location and asset number.
- Capex budget report
The report details, by category, location and Capex number, the budget, allocated expenditure and variance amounts. This information is available for both current and previous year.
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