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Automatic depreciation calculation and journal posting
Use of De Facto® Fixed Assets Software removes the need to use spreadsheets. Automatic deprecation calculation and journals reduce errors; for example, the Fixed Asset module will not allow negative net book values.
De Facto functionality allows effective entry and processing of many different transaction types:
Batch activities
To speed up processing, batch processing of more than one asset can be used for acquisition, activation or deactivation.
Create purchase orders for Fixed Assets
Fixed assets follow the same purchase process as stock items, meaning orders follow an authorisation process and are traceable within De Facto.
Depreciation Method
Depreciation is calculated on predefined rules for individual asset groups, based on activation dates and residual values. Calculation errors are reduced from spread-sheets, for example the system will not allow negative net book values.
Depreciation Journals
The monthly deprecation routine can be run quickly and journals posted automatically.
Asset Sales
Deactivated assets can be sold in the same way as stock items, generating the sales order and sales invoice. The system will then post the relevant journals, leaving a clear audit trail of profit or loss on disposal.
Obsolete Assets
Obsolete assets, identified quickly through the use of analysis codes, can be deactivated and written off.
Contact us today to discuss your business needs with our software team.
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