De Facto® Fixed Assets Software contains a separate record of every fixed asset currently or previously owned by a business. The module guards against theft, by tracking assets properly and by sharing recorded information with procurement, maintenance and IT staff so physical assets may be regularly checked.
View Asset History
Each asset is clearly identified where it was bought and its cost, net book value, replacement and insurance value. This simplifies preparation of insurance valuations, claims and corporation tax returns.
Strengthen asset control with De Facto
Financial control requires knowledge of the cash value tied up in assets. Use of the Fixed Assets module means that the net book value shown by the Fixed Asset Register always reconciles back to the Nominal Ledger. Asset analysis makes it possible to maximise use of assets by identifying low use items for redeployment. Capital expenditure budgeting is simplified by using replacement values and dates.
Work efficiently to save time and reduce errors
The system holds detailed and traceable records of each asset with multiple ways of analysing them, removing the need for complicated and error prone spreadsheets.
Decrease time spent and increase accuracy
Depreciation calculations used in Management Accounts are made more accurate by the use of asset specific depreciation rates, and the ability to define detailed depreciation methods. Depreciation journals can be posted automatically.
Report comprehensively and incisively
Standard reports within De Facto Fixed Assets Software include a Fixed Asset register. Meaningful business-specific reports can also be created from the comprehensive analysis code groupings recorded against assets, for example by employee grouping or location.
Contact us today to discuss your business needs with our software team.