The Fixed Assets module provides a complete fixed asset ledger.
It is used for acquisitions, disposals and depreciations.
What does it do?
It provides complete support for multiple Fixed Assets companies
and transactions from various Fixed Asset modules can be posted to a variety
of nominated General Ledger accounts.
Nominated Assets, Group Assets, Locations and Depreciation may be consolidated.
These assets may optionally be integrated to Project Costing for structured
control of fixed assets and plant.
Depreciation methods are selectable from Book and tax as well
as usage. These depreciation methods can be defined differently for each company.
They include diminishing or straight line by nominated percentage on book or
tax value or both or by client defined usage criteria including kilometres,
hours, quantity etc. Moreover, revaluation may be performed by user defined
Sub-asset components of main assets can be maintained. All actions on sub-assets
automatically update the main asset in respect of additions, disposals, transfers,
revaluation and depreciation.
User defined financial items are used as sub transactions of sale,
purchase, expense or income from fixed assets and plant. A complete history
of asset and plant activity by period of activity is maintained.
Plant can be hired both internally and externally and charged
for at multiple rates. The Century module also caters for on hire, off hire,
broken down, internal and external hire. Entered movements automatically raise
cross charging within the project costing system.
The Century Asset module also provides user defined facilities to project and
forecast by nominated forward periods and years value of assets or group of
assets based upon taxation or book value depreciation, providing forward projections
of net asset and depreciation costs. Stocktake facilities with portable bar-code
reader are also offered.
In common with all the other Century Modules, an extensive set of audit and
reporting facilities exists giving an almost limitless set of summarised and
How it is used?
The Century Assets module can be used on its own or integrated with one or
more of the other Century Financial Modules. These include Purchase
Orders, General Ledger, Accounts Payable,
Accounts Receivable and Project Costing.