Manage assets effectively with clear visibility of cost and values
Clear visibility of the cash value tied up in assets is provided by our Fixed Asset Software. This ensures that the Fixed Asset Register, including cost, cumulative depreciation and net book value always reconciles back to the Nominal Ledger values.
Control capex spend and asset budgets
Within De Facto® Fixed Assets Software, purchase orders are raised for fixed assets, enabling the business to benefit from purchase control rules already set. Purchase orders also allow visibility of lead times and asset cost commitments.
Capex budgeting is simplified using the recorded replacement values and dates. This allows the Finance Director clear visibility of future spending.
Maximise asset use and identify obsolete items
The Fixed Asset module allows the use of business specific grouping of assets, working independently of the Nominal Ledger. These could be useful to quickly identify obsolete assets or to maximise use of assets by identifying low use assets for redeployment.
Convert stock items to fixed assets such as own build equipment
Stock items can be converted to fixed assets, including adding internal labour costs through our Job Costing Software. This means that own build assets can be simply accounted for. Component parts, for example lease hold property improvements, can be added to the original asset and depreciated in sync.
Calculate and post depreciation accurately and automatically
Depreciation calculations used in Management Accounts are made more accurate by the use of asset specific depreciation rates, with the ability to define detailed deprecation methods. Depreciation calculations take account of activation dates and residual values of assets.
Define asset accounting to output multi-level information
Accuracy of information in Management Accounts is also improved by the recording of cost centres for individual assets for depreciation posting and Return on Capital Employed calculations.
Contact us today to discuss your business needs with our software team.